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Surplus Allocation and Development under Global Capitalism

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  • Cem Somel

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    (Department of Economics, METU)

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    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 Function: First version, 2005
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    Bibliographic 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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    Keywords: Surplus allocation; development; global capitalism;

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    1. Robert C. Feenstra, 1998. "Integration of Trade and Disintegration of Production in the Global Economy," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 31-50, Fall.
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