The Box2D world has an infinite size. You can't limit the world, but you can create a shape that encloses a certain area in the Box2D world.
Here's how to create a body and shape that puts a shape just around the screen, so that objects don't leave the screen. It is easy to adapt this code by changing the corner coordinates to fit whatever you need:
// for the screenBorder body we'll need these values
CGSize screenSize = [CCDirector sharedDirector].winSize;
float widthInMeters = screenSize.width / PTM_RATIO;
float heightInMeters = screenSize.height / PTM_RATIO;
b2Vec2 lowerLeftCorner = b2Vec2(0, 0);
b2Vec2 lowerRightCorner = b2Vec2(widthInMeters, 0);
b2Vec2 upperLeftCorner = b2Vec2(0, heightInMeters);
b2Vec2 upperRightCorner = b2Vec2(widthInMeters, heightInMeters);
// static container body, with the collisions at screen borders
b2BodyDef screenBorderDef;
screenBorderDef.position.Set(0, 0);
b2Body* screenBorderBody = world->CreateBody(&screenBorderDef);
b2EdgeShape screenBorderShape;
// Create fixtures for the four borders (the border shape is re-used)
screenBorderShape.Set(lowerLeftCorner, lowerRightCorner);
screenBorderBody->CreateFixture(&screenBorderShape, 0);
screenBorderShape.Set(lowerRightCorner, upperRightCorner);
screenBorderBody->CreateFixture(&screenBorderShape, 0);
screenBorderShape.Set(upperRightCorner, upperLeftCorner);
screenBorderBody->CreateFixture(&screenBorderShape, 0);
screenBorderShape.Set(upperLeftCorner, lowerLeftCorner);
screenBorderBody->CreateFixture(&screenBorderShape, 0);
Note: this code is for Box2D v2.2.1. I assume that's what you're using because you said "previous version" which required this code to be written differently (with the SetAsEdge method).