On the Political Economy of Backwardness

Paul Baran, On the Political preservation of Backwardness, The Manchester School of frugality and Social Studies, January, 1952, V.XX, No. 1: 66-84. On t he Political Economy of Backwardness I T he capitalist direction of production and the social and political crop concomitant with it provided, during the latter disperse of the eighteenth century, and still more than during the entire nineteenth century, a fabric for a consecutive and, in spite of cyclical disturbafices a nd setbacks, important expansion of productivity and material welfare. The relevant facts are easily cognize and c tout ensemble for no elaboration. Yet this material (and cultural) onward motion was not completely spotty in time so far most un notwithstandingly distributed in space. I t was confined to the occidental world ; a nd did not affect notwithstanding all of this territorially and demographically comparatively small sector of the live globe. Germany and Austria, Brita in and France, some smaller countries in Western Europe, and the United States and Canada work places in the neighbourhood of the sun. The vast exeanses a nd the pile of inhabitants of Eastern Europe, Spain and Portugal, Italy and the Balkans, Latin America and Asia, not to speak of Africa, remained in the deep shadow of backwardness and squalor, of stagnation and misery.

Tardy and skimpy as the benefits of capitalism may have been with respect to the commence classes even in most of the leading industrial countries, they were all but negligible in the less privileged split of the world. There productiv ity remained low, and speedy increases in p! opulation pushed live standards from bad to worse. The dreams of the prophets of capitalist harmony remained on paper. Capital both did not move from countries where its marginal productivity was iow to countries where it could be evaluate to be high, or if it did, it moved there principally in order to extract profits from baekward countries that frequently accounted for a lions package of the increments in...If you want to get a full essay, order it on our website: BestEssayCheap.com

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