Subordinated Development: Transnational Capital in the Process of Accumulation of Latin America and Brazil

(Paperback)

Publishing Details

Classifications

Physical Properties

Description

Focusing on the processes of accumulation, concentration and centralisation of capital, this book explains the transnationalisation of capital and its impact on Latin America and Brazil. The first chapter addresses the logic of these processes from a Marxian perspective. The second chapter shows how this movement of capital expands into some Latin American countries, and how it subsequently retracts in the 1990s process of global centralisation. The third chapter evaluates Latin American strategies to attract capital by taking a subordinate position to capital's global movement. The last two chapters focus on Brazil's development strategy in the face of the alternating expansion and contraction of capital, and point out the vulnerability of Latin American countries when their development is subordinate to transnational capital. First published in Portuguese as Subordinac a o consentida: capital multinacional no processo de acumulac a o da Ame rica Latina e Brasil by Annablume Editora/Fapesp in 2006.

Author Bio

Rubens R. Sawaya, professor in the Department of Economics and coordinator of the Postgraduate Program in Political Economy at the Pontifical Catholic University of So Paulo (PUCSP), Brazil, has an MA in economics and a Ph.D. in political science from that same university.