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Description of  Capitalism and Migration: The Rise of Hegemony in the World-System (World-Systems Evolution and Global Futures)

This book explores the role of capital and labor migration in the expansion of the capitalist world-system. It presents comprehensive case studies on various historical periods of hegemony recognized by world-system theory: the Dutch hegemony (1625-1675), British hegemony (1815-1873), and US hegemony (1945-1970). Moreover, the book identifies an earlier period of economic dominance in Western Europe when merchant-bankers from Florence dominated the regional wool trade in the early thirteenth century. In these four intervals of dominance, i.e., from the medieval period to the late twentieth century, capital and labor migration formed the basis of capitalist development in the hegemonic core states as well as in peripheral regions under their economic and political influence. Read more