Capital and labour in the urbanized world

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The distribution of capital and labour in the contemporary world is undergoing a radical change. Traditional industries in the West are in decline while in the third world cheap, plentiful labour is available and increasingly attractive.

This book analyzes the implications of this situation for both developed and less developed nations. It examines the impact such a shift of resources will have on the rich Western nations that dominate the international system. Also it describes the likely domestic consequences for countries which have to reconcile the clashing interests of domestic capital and labour and to attract vital foreign industry and investment.

The book concentrates on the theoretical, political and national issues involved. It examines the friction that is created by the divergent interests of competitive regions and countries. Special attention is given to the dangers inherent in an economic system that allows rival states to move capital and labour freely throughout the world.

Among the topics discussed are the dramatic urbanization of the Arab Middle East following the oil boom, the problems of unequal regional development, internal migration and urban planning in the third world, and the plight of the middle classes of Latin America who are faced by the expansion of modern state economies and the intervention of international capital.

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The Third New International Division of Labour
Internationalization of Capital
The State and Issues of Regional Analysis in Latin

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About the author (1985)

John Walton is Professor of Sociology and Anthropology at the University of California, Davis.