According to sociologist Immanuel Wallerstein's world systems theory,the capitalist world economy is a global system divided into a hierarchy of three major types of nations in which upward or downward mobility is conditioned by the resources and obstacles that characterize the international system.

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Wallerstein's world systems theory does propose the existence of a global capitalist economy divided into a hierarchy of nations, and mobility within this hierarchy is determined by various factors including access to resources and international obstacles.

According to Sociologist Immanuel Wallerstein's World Systems Theory,the Capitalist World