World-system theorists argue that globalization is not something entirely new; there have been earlier periods of trade globalization prior to the modern period.

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World-system theorists, such as Immanuel Wallerstein, argue that the current phase of globalization is part of a long-term process of expanding world-systems, which includes earlier periods of significant trade and economic integration across different regions, dating back to at least the 16th century.

World-System Theorists Argue That Globalization Is Not Something Entirely New;