The Globalization Of Capitalism In Third World Countries

Hardcover | August 1, 1996

byPriyatosh Maitra

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The transformation and growth of capitalism in third world countries is examined by first looking at the beginnings and growth of capitalism in the developed industrialized world and at the various stages in which it is transplanted to less developed countries. This transplantation of capitalism brings about only the rapid growth of capital sector and not the complete capitalist transformation of a country. An interesting challenge of traditional views is made on population growth, demographic transitions, and technological transfers in economic development. Social welfare and economic planning are justified as inevitable conditions for the present phase of the spread of capitalism.

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The transformation and growth of capitalism in third world countries is examined by first looking at the beginnings and growth of capitalism in the developed industrialized world and at the various stages in which it is transplanted to less developed countries. This transplantation of capitalism brings about only the rapid growth of ca...

Format:HardcoverDimensions:256 pages, 9.52 × 6.43 × 0.99 inPublished:August 1, 1996Publisher:Praeger Publishers

The following ISBNs are associated with this title:

ISBN - 10:0275951596

ISBN - 13:9780275951597

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?Maitra deals with a very important and timely subject--the globalization of capitalism--and has assembled impressive statistics to fortify his main arguments. He correctly identifies the two fundamental contributions of capitalism to the world economic order: a sustained increase in real per capita income due to increased productivity; and the metamorphosis of stagnant and prescientific feudal economic order into a progressively science-based capitalism with dynamic impulses for technological change.... A valuable volume for professional and academic collections, lower-division undergraduate and up.?-Choice