The Concept of the Periphery as a Constitutive Part of the Capitalist World System

The category "periphery" is useful for describing positions in the international system. The analytical content however, is limited: Under capitalist conditions, overcoming "underdevelopment"/peripheral positions in the world system do not depend on the availability of surplus. I...

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Bibliographic Details
Main Author: Elsenhans, Hartmut
Format: Journal Articles
Language:English
Published: 2015
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Online Access:Online Access
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Summary:The category "periphery" is useful for describing positions in the international system. The analytical content however, is limited: Under capitalist conditions, overcoming "underdevelopment"/peripheral positions in the world system do not depend on the availability of surplus. Instead, overcoming "underdevelopment" has been achieved by devaluation-driven, export-oriented manufacturing, and therefore, by deliberately accepting exploitation for achieving comparative advantage. With regards to the MENA region, this "East Asian strategy" seems unfit because of limited capacities in wage goods production, especially food.
DOI:https://doi.org/10.17192/meta.2015.5.3793