Abstract
The aim of this chapter is to illustrate and examine the ways in which the modern capitalist world order (CWO) is developing in its current phase of political, economic and social restructuring. The implications of these quantitative and qualitative transformations in the CWO are profound, and are of particular significance for any redefinition of the Third World in international relations (IR). My argument will be that while the categories of core and periphery are central to any political geography of the current CWO, the ways in which they have been developed in both Dependency Theory and World-Systems Theory are not sufficiently sensitive to the fluid and uneven nature of global development, broadly construed.
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