Identify the incorrect statement :
MH SET - 2024, SET Exam - 2024,
Answer: D
The incorrect statement is World system theory is not related to world's capitalist system.
Immanuel Wallerstein's world-systems theory is precisely a theory of the capitalist world-economy: since the sixteenth century a single capitalist system has divided the world into core, semi-periphery and periphery, with surplus flowing from periphery to core. So it is closely related to the world capitalist system.
The other statements are accepted points of comparative politics: politics and economics are linked, the type of economy is a key variable in comparison, and globalisation has transformed national economies.
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