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The New International Division of LabourThe General Rate of Profit and Its Realisation in the Differentiation of Industrial Capitals

The New International Division of Labour: The General Rate of Profit and Its Realisation in the... [In this foundational chapter, Iñigo Carrera unfolds his theory of capital accumulation as a global process within which distinct national processes of accumulation emerge as specific concrete forms of that same global process. He argues there is an objective determination relating to the formation of a general rate of profit as the regulator of the unity of this global process, and which engenders a qualitative difference between those capitals that are able to contribute to that formation and those which cannot. The latter sections of the chapter integrate these two arguments so as to present an innovative methodological basis for the re-examination of the ‘classic’ and ‘new’ variants of the international division of labour—one that sharply contrasts with orthodox interpretations of development and underdevelopment.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

The New International Division of LabourThe General Rate of Profit and Its Realisation in the Differentiation of Industrial Capitals

Part of the International Political Economy Series Book Series
Editors: Charnock, Greig; Starosta, Guido
Carrera, Juan Iñigo
The New International Division of Labour — Jun 3, 2016
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28 pages

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Publisher
Palgrave Macmillan UK
Copyright
© The Editor(s) (if applicable) and The Author(s) 2016
ISBN
978-1-137-53871-0
Pages
25 –53
DOI
10.1057/978-1-137-53872-7_2
Publisher site
See Chapter on Publisher Site

Abstract

[In this foundational chapter, Iñigo Carrera unfolds his theory of capital accumulation as a global process within which distinct national processes of accumulation emerge as specific concrete forms of that same global process. He argues there is an objective determination relating to the formation of a general rate of profit as the regulator of the unity of this global process, and which engenders a qualitative difference between those capitals that are able to contribute to that formation and those which cannot. The latter sections of the chapter integrate these two arguments so as to present an innovative methodological basis for the re-examination of the ‘classic’ and ‘new’ variants of the international division of labour—one that sharply contrasts with orthodox interpretations of development and underdevelopment.]

Published: Jun 3, 2016

Keywords: World Market; Productive Force; Capital Accumulation; Concrete Form; National Process

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