World Review of Political Economy

Articles from Vol. 7, No. 2, Summer

Africa and the Global Economic and Financial Crisis
Capitalism has indubitably proven that it is an economic system that creates a high-class conscious society, and also that it is fraught with internal contradictions and fundamental weaknesses. Periodic economic crises which are inextricably associated...
CHINA AND LATECOMER INDUSTRIALIzATION PROCESSES IN SUB-SAHARAN AFRICA: A Case of Combined and Uneven Development
IntroductionThe relative decline of U.S. hegemony and the rise of other countries such as China have inspired discussion about what this shifttowards a multipolar world order means for the prospects of development of low- and middle-income countries...
Endless Accumulation, Limits to Growth, and the Tendency for the Rate of Profit to Fall
(ProQuest: ... denotes formulae omitted.)Thomas Piketty's book, Capital in the Twenty-First Century, has received widespread attention. Many have commented on Piketty's book and debated the longterm trend of income and wealth inequality in the leading...
ETHIOPIA-CHINA ECONOMIC RELATIONS: A Classic Win-Win Situation?
IntroductionEthiopia is an important case study because it is a significant departure from the body of literature on China-Africa relations which has held that Chinese interest in Africa is primarily driven by hunger for resources. Agriculture is the...
The Great Recession in the Us from the Perspective of the World Economy
(ProQuest: ... denotes formulae omitted.)IntroductionIn this article, we analyze the economic crisis of 2007-09 in the US from the perspective of its place in the world economy, using a Marxist approach. Unlike other analyses on the causes of the crisis...
The Politics of Modernization and the Misleading Approaches to Development
BackgroundIntroductionThe modernization theory of development was formulated for Third World countries after the Second World War. Despite the failure of its strategy to bring about social improvements in the lives of the great majority in Third World...
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