This essay is the conclusive piece of a two-part series on the use of world-systems theory in literary studies. In it, I continue my discussion of literary world-systems by turning to the field of world literature. As I show, world-systems theory owes much of its current popularity in literary studies to the "new" world literature, which has borrowed part of its conceptual language from world-systems theory. This language includes such key terms as longue durée, circulation, cyclical history, and center and periphery. These terms have helped to revolutionize literary history in a number of ways, three of which I focus on: (1) the pursuit of a more abstract, quantitative account of literary genres; (2) the attempt to reposition European literature within a longer history of global literature; and (3) the theorization of cyclical models of literary history. Taken together, these projects have helped scholars to rewrite the history and geography of world literature in important ways -by reimagining the novel form as a response to risk and insecurity rather than power; by emphasizing Europe's competition with non-European cultural centers; and by identifying a temporal limit to European and American hegemony.This article is the conclusive piece of a two-part series on world-systems theory and literary studies. In the previous installment, I examined Marxist literary theory's engagements with worldsystems theory, from the Subaltern Studies group's ambivalent approach to the methodology to Jamesonian Marxism's more laudatory responses. In this article, I continue my discussion of literary world-systems by turning to the field of world literature. While Marxist literary studies may have been the first approach to engage with world-systems theory, few would argue that the methodology's recent vogue has more to do with the interest generated by a "new" brand of world literature and its appropriations of key world-systems theory concepts. From the moment when David Damrosch, Franco Moretti, and Pascale Casanova all published revisionist accounts of world literature within a short span of a couple years, we have seen an explosion of articles, monographs, edited collections, and conferences concerned with "world literature" and its historical, theoretical, and ontological foundations. Many of these discussions have revolved around the conceptual language the "new" world literature has borrowed world-systems theory, from the sociological nature of its analyses of texts' circulation and reception to its dividing of literary space into centers and peripheries to its focus on literary history's longue durée. As numerous scholars quickly recognized, such concepts promise to revolutionize both the "older" world literature of Auerbach, Leo Spitzer, and Ernst Robert Curtius and more recent nation-based modes of literary history. But many also recognized that these concepts raise pressing questions about the lenses through which we read global literary history and the way in which these lenses reveal, distort, and construct the objec...