Uneven and combined development and sub-imperialism: the internationalization of Brazilian capital |
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Authors: | Alex Moldovan |
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Affiliation: | McMaster University, Hamilton, ON, Canada |
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Abstract: | This paper examines the political-economic outgrowth of Brazilian capitalism in the global south after the outset of the global financial crisis. In analysing the public-sector finance policy of the Workers’ Party (PT) during the crisis, I argue that a structuration of investment was established. Utilizing theoretical premises of uneven and combined development and sub-imperialism, this paper traces the motions of the industrial financing processes that perpetuate Brazilian capitalism outside of the boundaries of the nation-state to shed light on the relationship between ‘emergent’ economies, their state structures, and the developing world. I argue that such structures represent a policy to accelerate capital accumulation abroad. |
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Keywords: | Brazil development international political economy uneven and combined development imperialism development bank |
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