By Leslie Sklair
This assortment attracts jointly a distinctive workforce of authors to discover how capitalism contributes to the improvement and underdevelopment of the 3rd global. It presents a good assessment of key techniques equivalent to "capitalism", "development","modernization" and "dependency".
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Extra info for Capitalism and Development
The new democracies in Latin America assumed office just when the international turn to ‘structural adjustment’ began in earnest. The new watchwords were deregulation (of prices), de-statization and the elimination of protectionism. The objectives were economic stabilization and efficiency, along with solvency of the state sector. Democratic politicians—along with most of the left—had turned decisively away from the state as the agent of development to embrace the market wholeheartedly. Indeed, the legitimacy of these regimes (at least in the short term) allowed for a more decisive implementation of these measures than had been possible under the military state.
In the period since 1945 this view has evolved de facto into a somewhat different one: that the route is via popularly organized national movements. But will popularly organized national movements in fact achieve greater equality and democracy? I have become increasingly sceptical of this, as have many others. I think popularly organized national movements have found themselves in a dilemma for which there is no easy solution and which has contributed strongly to the sense of impasse and frustration that has been growing of late.
Ergo, the geographic reach of the core can no longer expand. If there is to be any significant change in which geographical areas are core-like, this is more than ever a zero sum game. If a new area comes in, an old area must go out. This was always partially true, but only partially, because of the overall expansion of the system. Now it is entirely true. If in the next 30 years China or India or Brazil were in a true sense to ‘catch up’, a significant segment of the world’s population elsewhere in this world-system would have to decline as a locus of capital accumulation.
Capitalism and Development by Leslie Sklair