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Capital accumulation in the center and the periphery along the neoliberal period: A comparative analysis of the United States, Spain and Brazil

Author

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  • Juan Pablo Mateo

    (Department of Economics, New School for Social Research and University of Valladolid)

Abstract

This paper presents a comparative analysis of the process of capital accumulation in three economies, US, Spain and Brazil, between 1990 and 2014. The objective is to analyze the peculiarities existing in these cases, corresponding to the main contemporary economy (US), a developed one, but with a peripheral integration into a more developed area, such as the Euroarea (Spain), and a semiperipheral economy (Brazil); and in a period in which, specially for both Spain and Brazil, a neoliberal turn is carried out, and achieving certain monetary stalibity that ultimately affect the macroeconomic performance.

Suggested Citation

  • Juan Pablo Mateo, 2017. "Capital accumulation in the center and the periphery along the neoliberal period: A comparative analysis of the United States, Spain and Brazil," Working Papers 1723, New School for Social Research, Department of Economics.
    • Handle: RePEc:new:wpaper:1723
    as

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    References listed on IDEAS

    as
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    3. John Milios & Dimitris P. Sotiropoulos, 2009. "Rethinking Imperialism," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-25064-2.
    4. Alan Freeman, 2009. "The Poverty of Statistics and the Statistics of Poverty," Third World Quarterly, Taylor & Francis Journals, vol. 30(8), pages 1427-1448.
    5. Juan Pablo Mateo, 2017. "Theory and Practice of Crisis in Political Economy: the Case of the Great Recession in Spain," Working Papers 1715, New School for Social Research, Department of Economics.
    6. World Bank, 2017. "World Development Indicators 2017," World Bank Publications - Books, The World Bank Group, number 26447, December.
    7. Bichler, Shimshon & Nitzan, Jonathan, 2012. "Imperialism and Financialism. A Story of a Nexus," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 5, pages 42-78.
    8. Marquetti, Adalmir & Porsse, Melody de Campos Soares, 2014. "Patterns of technical progress in the Brazilian economy, 1952-2008," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    9. Erdogan Bakir, 2015. "Capital Accumulation, Profitability, and Crisis," Review of Radical Political Economics, Union for Radical Political Economics, vol. 47(3), pages 389-411, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Capital accumulation; productivity; profit rate; underdevelopment;
    All these keywords.

    JEL classification:

    • E11 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Marxian; Sraffian; Kaleckian
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F00 - International Economics - - General - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies

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