IDEAS home Printed from
   My bibliography  Save this paper

Exogenous underdevelopment pattern


  • Salvatore Michele De Marco


The main dynamics of capitalism is the creation of overproduction in order to search for an internal and foreign market outlet. While increasing the overproduction, both the expansion process and the internationalization of consumption raise. The context just described leads to think about the existence of rich and emerging economies producing an excess of supply compared with their internal demand (net supply) that must be allocated to the poor economies showing an excess of demand compared with their internal supply (net demand). We are, after all, in the compensating structure of the world economy, where the poor countries are setting against the rich and emerging countries; these last two are in competition with each other. Besides, the poor countries absorb the surplus of the rich and emerging ones. The assertion of monetarism, in the last decades, encouraging the market outlets abroad to the detriment of the outlets towards the public sector, leads to stress the tensions between the advantaged and disadvantaged nations. This context makes more doubtful the future economical perspectives. The compensating structure of the world economy facilitates the exogenous nature of the underdevelopment of wide areas of the planet that are addressed to absorb the productive excesses of the advanced economies. The purpose of this current theoretical contribution is just to formalize, through an appropriate economical and mathematical pattern, the interdependence between the strong economical world and the weak economical world.

Suggested Citation

  • Salvatore Michele De Marco, 2007. "Exogenous underdevelopment pattern," Quaderni DSEMS 05-2007, Dipartimento di Scienze Economiche, Matematiche e Statistiche, Universita' di Foggia.
  • Handle: RePEc:ufg:qdsems:05-2007

    Download full text from publisher

    File URL:
    Download Restriction: no

    More about this item


    Monetarism; Underdevelopment; Market outlet; Overproduction.;

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • F01 - International Economics - - General - - - Global Outlook
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ufg:qdsems:05-2007. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Luca Grilli). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.