The aim of this study is to examine the concept of foreign trade in terms of the “Modern World-System” analysis developed by Immanuel Wallerstein in the 1970’s. The study consists of three parts. The first part includes main concepts in order to explain the terminology used in the Modern World-System analysis. In the second part, the transformation stages of the world-system will be investigated while obeying the time limitation of Wallerstein and foreign trade concept in those time stages will be investigated.The last part is the conclusion and evaluation.
Modern World-System, Immanuel Wallerstein. JEL Classification: F54, F59