Accumulation on a World Scale A Critique of the Theory of Underdevelopment

Brian Pearce's translation from the French original (1970) makes available a major contribution by one of the leading modern Marxist students of economic underdevelopment. In addition to a critique of orthodox macroeconomics and monetary theory. the major focus of the study is on how Western economic penetration and monopolistic power contributed to the formation of a peripheral capitalism in underdevelopment. In addition to a critique of orthodox macroeconomics and monetary theory, the major focus of the study is on how Western economic penetration and monopolistic contributed to the formation of a peripheral capitalism in underdeveloped countries, which blocked their rapid economic development, especially in the more dynamic sectors of industry- Choice