Shifting Power Relationships in the World Economy: A Long Term Perspecitve. "CANCELLED"

 It is argued by many that position in the world economy is, for the most part, highly stable and resistant to change, at least across the macro-level “zones” that form a key element of world-systems theory. I suggest that this apparent stasis actually masks a considerable amount of change and discontinuity within the global economy. This paper takes a different perspective, focusing on power rather than position, to explore the extent to which shifting relationships between military and economic power, both within and across countries, reflects a changing dynamic with significant implications for the global economy. Following Kentor (2013), the balance of economic and military power within countries is charted at 10 year intervals from 1850 to the present. I then explore the impact of this changing balance of power on movement in the world economy.