Dependent accumulation and underdevelopment
Why, while Europe, North America, and Australia have developed, have Africa, much of Asia, and Latin America remained underdeveloped? Andre Gunder Frank sets out to answer this basic question by showing how world capital accumulation has led to the differentiation of these regions within the single world-embracing economic system. Unequal exchange between regions, combined with the differential transformation of productive, social, and political relations within regions, has led to the capitalist development of some areas and to the underdevelopment of others.
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accumulation and capitalist Africa and Latin agriculture Amin analysis Argentina Asia balances bourgeoisie Britain British Bruchey capitalist system Caribbean cent Chapter colonialised colonies commercial Continental Europe cotton dependence development of underdevelopment division of labour domestic Dominions Emmanuel emphasises England European examined exploitation export deficit export economy export surplus external factors foreign free trade growth Hilgerdt imperialist import substitution income increase India industrial revolution internal market international division investment Japan land later Latin America linkages manufacturing Marx ment mercantilist merchandise export metropolis metropolitan million mining mode of production multilateral nineteenth century North America observed period political process of world profit regions relations relations of production Rosa Luxemburg Saul sector settlement settler slave Smith social South Spanish stage of world staple structure summarised terms of trade textile theoretical theory transformation transport triangular trade tropical underdeveloped countries unequal exchange United Weber Weber thesis world capital accumulation world capitalist development