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(From Journal of Japanese Trade & Industry (JJTI))
Byline: Kawakatsu Heita
In the previous article, I mentioned how hegemony had shifted from one Western Power to another - from Spain in the 16th century to the Netherlands in the 17th, then to France in the 18th, England in the 19th and the United States in the 20th. Modern civilization developed in places such as these, away from the heartlands of the Eurasian continent where ancient civilizations rose and fell. This modern Western civilization is called the capitalist world system or, to borrow Immanuel Wallerstein's phrase, the "Modern World System." In ancient times, civilization revolved around ...