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Global Organization and Developing Countries: Current Aspects of Neo-mercantilism and the Global Framework of Accumulation

In: John Kenneth Galbraith and the Future of Economics

Author

Listed:
  • Dimitri Uzunidis

Abstract

The world economy consists of a set of relations between economic centres of interest and power (commercial, technological and financial), both political and military, of unequal strengths. The structures of domestic and international markets are determined by antagonistic relations (confrontations and pacts) between such national centres (states and firms). The institutions and big firms of industrialized countries shape world markets through competition while the weakest economies suffer violent fluctuations in prices as well as fluctuations in financial markets or raw material prices.

Suggested Citation

  • Dimitri Uzunidis, 2005. "Global Organization and Developing Countries: Current Aspects of Neo-mercantilism and the Global Framework of Accumulation," Palgrave Macmillan Books, in: Blandine Laperche & Dimitri Uzunidis (ed.), John Kenneth Galbraith and the Future of Economics, chapter 16, pages 230-240, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-52370-8_17
    DOI: 10.1057/9780230523708_17
    as

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