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Answer to Question #83603 in Other History for Erika

Question #83603
Describe the structure of the global commercial economy as a world system, Wallerstein’s theory. What did Wallerstein consider as the periphery? What about the core? Why did Wallerstein believe that a global world system was possible under capitalism? How does this theory relate to the British Imperial Order? By 1880, was the British colonial system an asset or a liability for European governments?
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