Subordinated Development: Transnational Capital in the Process of Accumulation of Latin America and Brazil (Studies in Critical Social Sciences) - Softcover

Sawaya, Rubens R.

Softcover

ISBN 10: 1642590665 ISBN 13: 9781642590661

Publisher: Haymarket Books, 2019

Synopsis

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 Subordinação consentida: capital multinacional no processo de acumulação da América Latina e Brasil by Annablume Editora/Fapesp in 2006.

About this title

About the Author

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

Edition details

• Publisher: Haymarket Books
• Publication date: 2019
• Language: English
• ISBN 10: 1642590665
• ISBN 13: 9781642590661
• Binding: Paperback
• Number of pages: 228