Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory
Nunes, Debora Machado
Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory - Review of Radical Political Economics 2024 - 05-22
This article argues that the contributions of Marxist Dependency Theory (MDT) can provide theoretical insights for the analysis of financialized capitalism dynamics, contribute to the debate about the rise of a globalized working class, and help guide a transformative praxis in the periphery, therefore being relevant for the debate of contemporary imperialism. I discuss which traditions of dependency theories were most featured in economics literature and why I believe that MDT is marginalized and misinterpreted, focusing on the historical and political aspects of that process. Next, I debate some contributions of contemporary imperialism theory, and conclude that MDT has the potential to advance some of its core concepts and formulate a powerful synthesis.JEL Classification: B51, F54
0486-6134
Dependency Theory
Financialized Capitalism
Imperialism
Marxist Dependency Theory
Latin America
Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory - Review of Radical Political Economics 2024 - 05-22
This article argues that the contributions of Marxist Dependency Theory (MDT) can provide theoretical insights for the analysis of financialized capitalism dynamics, contribute to the debate about the rise of a globalized working class, and help guide a transformative praxis in the periphery, therefore being relevant for the debate of contemporary imperialism. I discuss which traditions of dependency theories were most featured in economics literature and why I believe that MDT is marginalized and misinterpreted, focusing on the historical and political aspects of that process. Next, I debate some contributions of contemporary imperialism theory, and conclude that MDT has the potential to advance some of its core concepts and formulate a powerful synthesis.JEL Classification: B51, F54
0486-6134
Dependency Theory
Financialized Capitalism
Imperialism
Marxist Dependency Theory
Latin America