Unequal Development and Capitalism

Introduction: capitalist transformations and unequal development

Economic thinking

Capitalist transformation

Profit rate and capital accumulation

Environment crisis, population, and personal income distribution

The book's structure and how to navigate it


Chapter 1

Measuring technical change, catching up, and falling behind globally

Measuring growth and distribution

Representing technical change

The dataset

Distribution, growth, and technical change worldwide: a first look

Stylized facts

Chapter 2

A growth model in the classical-Marxian tradition

The standard classical-Marxian model

The classical-Marxian model of catching up and falling behind

Summary and extensions of the model

Chapter 3

The US economy from the demise of the Golden Age to the crisis of neoliberalism

From the Golden Age to the crisis of neoliberalism

Technical change and distribution

Capital accumulation, profits, neoliberalism and growth

Hegemony, neoliberalism and capital accumulation

Chapter 4

Running fast: catching up in Asia

A brief historical perspective of modern Asia

Economic growth in Modern Asia

Technical change and profit rate: industrialization, institutional change, oil rent, and conflicts

The links between profitability, capital accumulation and catch up
Dilemmas of catching up, profitability, neoliberalism and environmental sustainability

Chapter 5

From hope to frustration: falling behind in Latin America

Neoliberalism in Latin America: a brief account
Technical change, profit rate and premature deindustrialization

Profit rate, capital accumulation and neoliberalism

Whither Latin America: leaving neoliberalism?

Chapter 6

Restarting capitalism in Central and Eastern Europe

From breakdown to peripheral capitalism

Technical change and profit rate before and after the fall

Capital accumulation in the Central and Eastern European countries

Restarting capitalism and unequal development: winners and losers

Chapter 7

The forgotten continent: falling behind in Africa

A brief history of African countries after independence

Technical regress and the profit rate in African countries

Natural resources, profit rate, and accumulation

The new frontier in the making

Conclusion: worldwide lessons for catching-up

The necessary conditions for catching up

Is (re)industrialization synonymous with catching up and reducing backwardness?

Neoliberal capitalism and uneven development

A new world ahead