Modernization theory in the context of Wallerstein?s modern world system model

The aim of this study is to analyze the modernization theory in the frame of Wallerstein?s modern world system. Wallerstein?s modern world system is a capitalist economic world system that began in the 16th century and extended to the 21st century. Modern world system is a system that consists of several dimensions, such as social, political, and economical. Social scientists in the United States came up with Modernization theory and developed it in the middle of twenty century based on the new developments. The tenets of modernization theory enhanced the modern world system. In general European universality, in particular, American universality has become very popular all around the world since that time. With this theory, both new countries and regions become the parts of this system. Modernization is called capitalizm and liberalizm as well.