Dependent Capitalisms in Contemporary Latin America and Europe: Situations and Mechanisms of Dependency

Description

This book contributes to the current revival of dependency approaches for the analysis of global capitalism. Reflecting on contemporary uses of the “Dependency Research Program” (DRP) and a refined analytical toolkit, it makes two distinctive contributions to this revival: the analysis of new “situations of dependency”, and the understanding of the “mechanisms of dependency”. The individual chapters draw from a wide range of cases and data from Latin America and Europe and imbricate concepts and ideas from the DRP with those of other approaches, from post-Keynesian economics to structural economics, institutional economics, regulation theory, comparative capitalisms, business politics, economic geography and critical finance studies, providing a rich array of possibilities for virtuous inter-disciplinary cross-fertilization. This volume is a valuable contribution for those interested in understanding how global capitalism works in Latin America, Europe and beyond. Preface Praise for Dependent Capitalisms in Contemporary Latin America and Europe Contents Notes on Contributors List of Figures List of Tables 1 Introduction: Dependency as a Research Program: From Situations to Mechanisms of Dependency The Dependency Research Program (DRP) Variants Within the Research Program Situations and Mechanisms of Dependency Conclusions References Part I Mechanisms of Dependency in Today’s Global Capitalism 2 A Dependency Perspective on the United States, China, and Latin America Introduction Mechanisms of Dependency US–Latin American Relations in the Twentieth Century Import Substitution Industrialization (ISI) The Debt Crisis and the New Economic Model Dependency Under US Domination China–Latin America Relations in the Twenty-First Century The China Boom in Latin America The End of the Boom Dependency with Chinese Characteristics? Conclusions References 3 The Deformation of the Core by Dependency Relations: The Case of Germany in Europe Introduction Theoretical Framework: D&D Combined with Third-Generation Comparative Capitalism Evolution of a Core–Periphery System in Europe Germany as the European Core: Negative Effects on the Economy Germany as the European Core: Negative Effects on the Social Fabric Germany as the European Core: Negative Effects on Political Alignments Conclusion References 4 Mechanisms of Dependence: Conceptualizing the Latin American Dependency Research Program for the Analysis of European Capitalism Introduction Dependency Research Program: From Latin America to Europe European Union and Uneven Development Mechanisms of Dependence Dependent Industrialization and TNC Capitalism Dependent Financialization Conclusions References 5 Who Are the Super-Exploited? Gender, Race, and the Intersectional Potentialities of Dependency Theory Introduction—‘A Rapist in Your Path’ and Silence as Betrayal Dependency, Race, and Gender—Situating the Dependency Scholarship Super-Exploitation and Dominated–Dominant Classes Who Are the Super-Exploited in Latin America? Who Are the Dominated–Dominant Classes? Conclusion—Intersectional Dependency Theory and a New Political Horizon References Part II New Situations of Dependency in Latin America, Europe and Beyond 6 The Political Economy of the Post Commodity Boom Crises in Latin America Introduction The Diversity of Capitalisms in Latin America The Present Crisis (Before Coronavirus) Argentina and Brazil: The Perils of Developmental Capitalism Ecuador and Bolivia: Differences Within Rentier Capitalism Final Remarks References 7 Dependency, Development, and the Politics of Growth Models in Europe’s Peripheries Introduction Diversity of Peripheral Capitalisms in Europe Dilemmas of Integration: Dependency Management and Growth Models in the Peripheries Protecting Domestic Firms: Selective Liberalization in the South Reindustrialization Through FDI in the East EU Modes of Integration and the Peripheral Growth Models Conclusion References 8 Situations of Dependency, Mechanisms of Dependency Governance, and the Rise of Populism in Hungary and Poland Introduction From Situations of Dependency to Populist Social Coalitions Situations of Dependency Mechanisms of Dependency Governance Populist Social Coalitions Conclusions References 9 Dependency, Rent, and the Failure of Neo-Extractivism Introduction Theoretical Framework: Dependency and Rent Neo-Extractivism in Latin America: Key Figures and Features The Socio-Economic Implications of Neo-Extractivism Conclusion: The Failure of Neo-Extractivism References 10 Financialization and the Construction of Peripheral Business Power in the Chilean Pension System Introduction Pension Privatization and Financialization: The Chilean Case Dusting off the Old and Considering the New: A Dialogue Between Diverse Intellectual Traditions Dependent-Associated Financialization as the Form of Peripheral Business Power Financial Expropriation as a Financialization Mechanism in the Chilean Pension System Dependent-Associated Financialization as the Form of Peripheral Business Power in the Chilean Pension System New Developments and Alternatives Financialization and Capitalist Development in Chile: Final Reflections References 11 Conclusions: Rethinking Dependency, Refining Our Analytical Tools Hierarchies in Contemporary Global Capitalism The Changing Relations Between Cores and Peripheries Shaping the Internal Structures of the New Cores and Peripheries References Index