“Man’s ability to participate intelligently in the evolution of his own system is dependent on his ability to perceive the whole”: Immanuel Wallerstein (2004: 34). Introduction: The Argument Immanuel Wallerstein makes this statement in his seminal work on the Modern World System wherein he analyzes the social and economic forces of dominance present in the international structure and explains how knowledge of the same is essential for an actor/state to transcend the built-in hegemony. Wallerstein’s World System Theory draws heavily from the Dependency Theory which discusses the division of labor in the state system wherein the periphery states participate in producing raw materials for the world economy and the core states produce manufactured goods. This in turn creates an unequal exploitative relationship with the advanced capitalist countries economically dominating over the weaker subaltern states and thereby creating a structure of hegemony.