\begin{tikzpicture}[thick,>=latex',every node/.style={font=\scriptsize},scale=2]
\draw [<->,shift={(-1.5,-1)},scale=.2]
(0,3) node [anchor=west] {$Y$}
-- (0,0) node [anchor=north] {$0$}
-- (3,0) node [anchor=north] {$X$};
\draw [rotate=30,thin]
(0,1) circle (.5)
(0,0) circle (.5)
(1.5,1.5) circle (.5)
(0,1) -- (1.5,1.5)
;
\draw [thin] (.75,0) arc (0:30:.75) node [anchor=west,pos=.5] {$\alpha$};
\draw [thin,->,rotate=30] (0,.5) -- ++(-.75,0) node [anchor=east] {$V_x^{ij(i)}$};
\draw [<->,rotate=30]
(0,3) node [anchor=west] {Y'}
-- (0,0)
-- (3,0) node [anchor=north] {X'};
\draw [dashed] (0,3) -- (0,0) -- (3,0);
\draw [->,dashed,rotate=30]
(1.5,0) -- (1.5,1.5) -- (0,1.5)
(0,0) -- (1.5,1.5) node [anchor=south] {$\vec{V}^{ij}$};
\draw [->,dashed,rotate=30]
(0,1) node [anchor=west] {$j$}
-- ++(1.5,0) node [anchor=north] {$V_x^{ij}$};
\draw [->,dashed,rotate=30] (0,0) -- (0,1.5) node [anchor=south] {$V_y^{ij}$};
\draw [->,rotate=30]
(2,0) ++(30:.5) arc (30:-30:.5)
node [anchor=north] {$\omega_{\mbox{\tiny eff} }^{ij}$}
;
\draw [->,rotate=30]
(0,0) ++(210:.35) node [anchor=west] {$\omega^i$}
arc (210:150:.35) node [anchor=west] {$i$}
;
\draw [->,rotate=30]
(0,1) ++(150:.35) node [anchor=west] {$\omega^j$}
arc (150:210:.35)
;
\node [text width=1]at (1.1,2) {$X^j\left(t+\Delta t\right)$\\$Y^j\left(t+\Delta t\right)$};
\node [text width=.5] at (-1.4,.8) {$X^j(t)$\\$Y^j(t)$};
\end{tikzpicture}