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Las relaciones centro-periferia en el siglo XXI

Author

Listed:
  • Torres, Miguel

    (ECLAC)

  • Ahumada, José Miguel

    (Universidad de Chile)

Abstract

In this essay, we postulate the relevance of the center-periphery "vision" to characterize global capitalism in its different periods and, especially, at present. We emphasize the asymmetries between central and peripheral countries, and how they display a pattern of unequal development, where the relations of dependence between the two are understood by the subordination exercised by the central pole over the peripheral one. Global capitalism, thus configured, confers on the economic centers oligopolistic—in some cases also oligopsonistic—market powers, accentuating a rentier relationship between the two poles. As a central corollary of our analysis, we point out that center-periphery relations in the 21st century exacerbate rentierism while diversifying it, under different rent appropriation strategies related to peripheral specificities. Thus, we can distinguish a "classic" rentierism derived from the extraction of natural resources, the financial rentierism characteristic of the neoliberal phase of capitalism, and the emergence of a new digital rentierism associated with the platform economy.

Suggested Citation

  • Torres, Miguel & Ahumada, José Miguel, 2022. "Las relaciones centro-periferia en el siglo XXI," El Trimestre Económico, Fondo de Cultura Económica, vol. 89(353), pages 151-195, enero-mar.
  • Handle: RePEc:elt:journl:v:89:y:2022:i:353:p:151-195
    DOI: https://doi.org/10.20430/ete.v89i353.1432
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    Cited by:

    1. Pereira, Wallace Marcelino & Missio, Fabrício José & Jayme Jr., Frederico G., 2023. "The role of services in economic development and the core-periphery relationship," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    More about this item

    Keywords

    Center-periphery perspective; development; underdevelopment; capitalism; rentierism; Latin America.;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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