from Introduction to Exchange Styles
For example, clan societies also form “mini world systems. It is not always mini, but can be huge, as in the case of the Iroquois federation in North America. The distinctive feature of this system is that the very connections between clans are based on Mode of Exchange A. The first thing to do is to make sure that the company’s products and services are in line with the needs of its customers. The next world system is “World=Empire”. It is based on interchange format B. What follows is a world system that Braudel calls “the world-economy. Here, the mode of exchange C is dominant. But even here, B and A remain in different forms. B as Sovereign State and A as Nation (Imaginary Community). Thus, the modern social organism takes the form of a combination of the three modes of exchange, i.e., Capital = Nation = State. It could be called, in Wallerstein’s words, “the modern world system.
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