Subordinated Development: Transnational Capital in the Process of Accumulation of Latin America and Brazil.

• Superior document: Studies in critical social sciences ; Volume 24
• Author: Rubens Sawaya
• Place / Publishing House: Leiden, , Boston: : Brill, , 2018.
• Year of Publication: 2018
• Language: English
• Series: Studies in Critical Social Sciences 124.
• Physical Description: 1 online resource (viii, 227 pages).
• Other title: Front Matter --; /; Contents /; Introduction /; Capital Accumulation, Concentration and Centralisation /; Capital Accumulation, Transnational Capital and the Exclusion of the Periphery /; The Inclusion of the Periphery in the Process of Global Accumulation /; Brazil in Capital’s Globalisation /; The Possibility of a Forced Disconnection /
• ISBN: 9004366466
• Hierarchical level: Monograph

Focusing on the processes of accumulation, concentration and centralisation of capital, this book explains the transnationalisation of capital and its impact on Latin America and Brazil. The first chapter addresses the logic of these processes from a Marxian perspective. The second chapter shows how this movement of capital expands into some Latin American countries, and how it subsequently retracts in the 1990s process of global centralisation. The third chapter evaluates Latin American strategies to attract capital by taking a subordinate position to capital’s global movement. The last two chapters focus on Brazil's development strategy in the face of the alternating expansion and contraction of capital, and point out the vulnerability of Latin American countries when their development is subordinate to transnational capital. First published in Portuguese as Subordinação consentida: capital multinacional no processo de acumulação da América Latina e Brasil by Annablume Editora/Fapesp in 2006.