World-systems theory has been a practical theory to analyze capitalist globalization. The following highlights some of the issues surrounding fragmentation and decentralization which are relevant to modern communication systems.
The Globalization Website – Theories: “Such twentieth-century developments set the stage for what Wallerstein calls a period of transition. New crises of contraction can no longer be solved by exploiting new markets; economic decline will stimulate struggle in the core; challenges to core dominance will gather strength in the absence of a strong hegemonic power and a globally accepted ideology; polarization will push the system to the breaking point. While this chaotic transition may not produce a more equal and democratic world, it does spell the end of capitalist globalization”