ABSTRACT
In the study of foreign policy one of the main discussions concerns the relative influence of internal/societal and external/systemic sources and political and economic factors on foreign policy. The world-system perspective provides tools to examine how power and production/wealth are organised at the world and national levels, and, accordingly, how these complex organisations are related to foreign policy. In analysing the foreign policy of an individual state, world-system analysis begins by explaining how power and production/wealth are organised at the national level at any point in "world-system time". In the semiperiphery, the state is believed to play the most important role as an agent of both power and production/wealth. Greece and Spain's foreign policies were usually in conformity with their semiperipheral power-production/wealth structures in the two different sub-periods. In both "expansion-hegemonic rise" and "contraction-hegemonic decline" periods of the world-economy, their internal power-production/wealth structures revealed the general characteristics of a semiperipheral country defined by the world-system framework.
