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Underdevelopment in contemporary world: is structuralism still relevant?

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  • Ademir Pedro Vilaça Junior

Abstract

This paper intends to evaluate if the Latin American structuralist approach is still relevant to understand capital accumulation dynamics of peripheral countries and their insertion in the global value chains. It’s a theoretical paper that strives to improve the building blocks of structuralism with the incorporation of elements from different approaches to establish a nexus to understand capital accumulation dynamics in the periphery. Considering the relevance of technological accumulation, its impacts over the productive structure and over the international insertion, we strive to analyze factors that perpetuate income diversion in relation to the center. Under this perspective, we conclude that the particularities of peripheral economies changed their form of manifestation without effectively overcome the dependence relation. JEL Classification: B41; B59; O1.

Suggested Citation

  • Ademir Pedro Vilaça Junior, 2017. "Underdevelopment in contemporary world: is structuralism still relevant?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(4), pages 755-771.
    • Handle: RePEc:ekm:repojs:v:37:y:2017:i:4:p:755-771:id:158
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    More about this item

    Keywords

    Structuralism; economic development; central-periphery system.;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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