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Surplus Allocation and Development under Global Capitalism

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Author Info
Cem Somel () (Department of Economics, METU)
Abstract

This essay is an endeavour to understand and assess the developmental consequences of global economic integration by focussing on the generation, transfer and utilization of the global surplus. It tries to address the following questions: (1) How does globalization affect surplus generation? (2) Where does the global surplus accumulate? (3) How is the global surplus absorbed? (4) What prospects does this pattern of absorption hold for the capital accumulation needs of poor countries?

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File URL: http://www.erc.metu.edu.tr/menu/series05/0505.pdf
File Format: application/pdf
File Function: First version, 2005
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Publisher Info
Paper provided by ERC - Economic Research Center, Middle East Technical University in its series ERC Working Papers with number 0505.

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Length: 32 pages
Date of creation: Oct 2005
Date of revision: Oct 2005
Handle: RePEc:met:wpaper:0505

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Web page: http://www.erc.metu.edu.tr
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Related research
Keywords: Surplus allocation; development; global capitalism;

Find related papers by JEL classification:
F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
O1 - Economic Development, Technological Change, and Growth - - Economic Development
P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism

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  1. Robert C. Feenstra, . "Integration Of Trade And Disintegration Of Production In The Global Economy," Department of Economics 98-06, California Davis - Department of Economics. [Downloadable!]
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This page was last updated on 2009-12-17.

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