The theory that argues that states are not the only important actors in the world and focuses on the substate level of analysis is

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Complex interdependence theory argues that international relations are not solely based on state actors, but also involve various non-state actors such as multinational corporations, international organizations, and civil society groups. This theory emphasizes the interdependence and interconnectedness of these actors in a complex web of relationships, which can have effects on global politics and economics. The other choices listed focus more on the role of states in international relations.

The Theory That Argues That States Are Not the Only