world-system

(noun) The economic interaction of different parts of the world into a system.

Example: North American Free Trade Agreement (NAFTA)

Audio Pronunciation: (world sys·tem)

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Usage Notes:

  • Plural: world systems
  • Several world-systems can co-exist with each other.
  • The study of world-systems is called world-systems analysis, world-systems perspective, or world-systems theory.
  • Variant form: world system

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