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The Role of Periphery in the Current Transition Towards a New Phase of Capitalism: introductory questions on the changes of the centre-periphery divide

Author

Listed:
  • Leonardo Costa Ribeiro

    (Cedeplar-UFMG)

  • Eduardo da Motta e Albuquerque

    (Cedeplar-UFMG)

Abstract

Metamorphoses of capitalism (Furtado, 2002) - a transition to a new phase of capitalism - impact the North-South relationship or the centre-periphery divide. Those changes in the North-South relationship are part of a broader reconfiguration of the global economy. One subject to be investigated is how far those changes in the South may affect the North itself - are there "reciprocal effects" working? There is a question about how current changes in the periphery of capitalism now impacts the capitalist core and advanced economies: this might be a new phenomenon - the boomerang effect (Marques, 2014). This manuscript, therefore, reviews evidences on the changes in the periphery, their impact upon the center and tries to include those changes and impacts within the metamorphoses of global capitalism. Therefore, metamorphoses of capitalism also affect the nature of the divide centre-periphery (Furtado, 1978).

Suggested Citation

  • Leonardo Costa Ribeiro & Eduardo da Motta e Albuquerque, 2015. "The Role of Periphery in the Current Transition Towards a New Phase of Capitalism: introductory questions on the changes of the centre-periphery divide," Textos para Discussão Cedeplar-UFMG 517, Cedeplar, Universidade Federal de Minas Gerais.
    • Handle: RePEc:cdp:texdis:td517
    as

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    File URL: https://www.cedeplar.ufmg.br/pesquisas/td/TD%20517.pdf
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    References listed on IDEAS

    as
    1. Richard B. Freeman, 2007. "The Challenge of the Growing Globalization of Labor Markets to Economic and Social Policy," Palgrave Macmillan Books, in: Eva Paus (ed.), Global Capitalism Unbound, chapter 0, pages 23-39, Palgrave Macmillan.
    2. Dreze, Jean & Sen, Amartya, 2002. "India: Development and Participation," OUP Catalogue, Oxford University Press, edition 2, number 9780199257492.
    3. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, December.
    4. Eduardo da Motta e Albuquerque, 2007. "Inadequacy of technology and innovation systems at the periphery," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 31(5), pages 669-690, September.
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    Cited by:

    1. Albuquerque, Eduardo da Motta e & Chaves, Catari Vilela & Dos Santos, Ulisses Pereira & Ribeiro, Leonardo Costa, 2020. "Innovation systems and changes in the core-periphery divide: notes on a methodology to determine countries’ trajectories using science and technology statistics," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

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    More about this item

    Keywords

    centre-periphery; metamorphoses of capitalism; development and underdevelopment;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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