The article explores the legacy of Andre Gunder Frank in International Relations. Frank developed a theory of the entire capitalist system as a planetary wide system of exploitation replicating centre-peripheral satellite relationships. Eploitation and accumulation generate a parallel geography that serves like a gigantic infrastructure channelling capital from the periphery to the centre. The author discusses some characteristics of the capitalist world economy assumed as universals and arrives at the conclusion that Frank’s theory, however, failed to take count of important changes in the nature of capital as anticipated future earning, Contemporary International Relations, particularly in the sub-field of International Political Economy has developed a novel geo-economic conceptualisation demonstrating that the core-periphery schema of relationship was a transitory moment in the developmentof global capitalism.
