On the Political Economy of Backwardness

Paul Baran, On the Political preservation of Backwardness, The Manchester School of miserliness 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 betray 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 unbroken and, in spite of cyclical disturbafices a nd setbacks, momentous expansion of productivity and material welfare. The relevant facts are puff up cognize and c all(prenominal) for no elaboration. Yet this material (and cultural) submit was not completely spotty in time hitherto most un notwithstandingly distributed in space. I t was confined to the occidental world ; a nd did not affect point all of this territorially and demographically comparatively small sector of the live globe. Germany and Austria, Britain and Franc e, some smaller countries in Western Europe, and the United States and Canada tenanted places in the neighbourhood of the sun. The vast exeanses a nd the relative majority 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 lean as the benefits of capitalism may have been with respect to the level classes even in most of the leading industrial countries, they were all but negligible in the less privileged separate of the world. There productivity remained low, and speedy increases in population pushed livi! ng 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 get by of the increments in...If you want to get a full essay, order it on our website: BestEssayCheap.com

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