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Imperialism in World-System Perspective: Britain 1870-1914

Patrick J. McGowan and Bohdan Kordan
International Studies Quarterly
Vol. 25, No. 1, World System Debates (Mar., 1981), pp. 43-68
Published by: Wiley on behalf of The International Studies Association
DOI: 10.2307/2600210
Stable URL: http://www.jstor.org/stable/2600210
Page Count: 26
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Imperialism in World-System Perspective: Britain 1870-1914
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Abstract

The origins of current world inequality are to be found in the nineteenth century, particularly in the period 1870-1914. The development of the world economy in this period is described, including the unique political-economic role of Great Britain within the world-system. A theory of imperialism based on the laissez-faire capitalist business cycle is developed which is intended to explain both British expansion and the accumulation of capital in the core, which is the single most salient feature of world inequality.

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