File Name: capitalism and underdevelopment in latin america historical studies of chile and brazil .zip
- Capitalism and Underdevelopment in Latin America: Historical Studies of Chile and Brazil
- Andre Gunder Frank
- Theory and Methodology of World Development
Historical Studies of Chile and Brazil.
Capitalism and Underdevelopment in Latin America: Historical Studies of Chile and Brazil
By Andre Gunder Frank. New York: Monthly Review Press. Most users should sign in with their email address. If you originally registered with a username please use that to sign in. To purchase short term access, please sign in to your Oxford Academic account above. Don't already have an Oxford Academic account?
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Andre Gunder Frank
The relationship between shifts in the world market and ideas on economic development in Latin America contrasted sharply with that in Romania before the First World War. In the latter country, market failure, social upheaval, and access to the continuing Russian debate led to new theoretical responses, in both Marxist and non-Marxist discourses; in Latin America, the perceived success of the export-driven economies, combined with institutional factors and the absence or feebleness of certain critical traditions known in Romania, resulted in a prolonged inability to mount a theoretical attack on the "outward-directed development" prescribed by the Ricardian thesis of comparative advantage. Thus in Latin America, with which this essay is principally concerned, both Marxist and non-Marxist challenges to the region's place in the international division of labor were relatively ineffective before the War's end. The larger part of the paper deals with intellectuals and their ideas, and includes explicit comparisons with Romania, the eastern European country with some important similarities to, and instructive differences from, Latin America; it was also the one whose intellectual traditions had a direct impact on Latin America, through the works of Mihail Manoilescu. In the years from independence down to the Great Depression, Latin America was subject to three Kondratieff waves. Howerer others, such as Argentina, had already contracted loans and were now defaulting.
Theory and Methodology of World Development
The four essays in this book offer a sweeping reinterpretation of Latin American history as an aspect of the world-wide spread of capitalism in its commercial and industrial phases. Frank lays to rest the myth of Latin American feudalism, demonstrating in the process the impossibility of a bourgeois revolution in a part of the world which is already part and parcel of the capitalist system. One particular feature of capitalist underdevelopment receives special emphasis in each essay. The essay on Chile stresses the loss and misappropriation of economic surplus. The phenomenon of uneven regional development receives more detailed analysis in the study on Brazil.
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Latin America as a region has multiple nation-states, with varying levels of economic complexity. The Latin American economy is an export-based economy consisting of individual countries in the geographical regions of North America, Central America, South America, and the Caribbean. The socioeconomic patterns of what is now called Latin America were set in the colonial era when the region was controlled by the Spanish and Portuguese empires. Up until independence in the early nineteenth century, colonial Latin American regional economies thrived and worked things out.