At the beginning of his career, he was a sociologist-africanist studying economical issues of the developing countries in Africa. In late 1960s, he started creating the general theory of social and economic development. His world-system theory triggered immense interest to the global history, and contributed to the birth of the historical globalization.
Immanuel Wallerstein is the author of 20 books, and 300 articles.
Member of Editorial Boards of journals “Social Evolution and History” and “Sociology: Theory, Methods, Marketing”, Doctor Honoris Causa of more than 50 universities of the world.
M. D. Kondratiev gold medal of Russian Academy of Sciences (2005), medals and prizes of many universities, and educational institutions.