Year 2018, Volume 2, Issue 1, Pages 141 - 166 2018-02-28

The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework

Koray Recep YILMAZ [1] , Demet ÖZMEN YILMAZ [2]

141 616

In this study we aim to present a theoretical framework which focuses on the development of capitalism in the late-developed capitalist countries. Therefore, in the first part we shortly but critically dwell on the concept of lateness which is widely used in the development literature. In the second part, we express the internationalization of capital as a “terminus a quo” of the late capitalist development. For this, firstly, the concept of internationalization of capital is discussed basing on Marx’s labour theory of value. We especially dwell on the circuits of capital which is developed in the second volume of Capital. And then some important Marxist scholars’ subsequent approaches are examined. These scholars especially focus on the internationalization of capital and its relation with the late capitalist development. In the last part, the internationalization process of capital is addressed in two complementary periods: “early stage” and “advance stage”. In addition to the detailed analysis of the principal forms of internationalizing capital, we determine the principal capital accumulation forms for late capitalist countries in line with these periods. We depict these forms through capital circuits analysis which was developed by Marx.
Late Capitalist Development, Marxism, Curcuit of Capital, Internationalization of Capital, Development Strategy
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Primary Language en
Subjects Management
Journal Section Articles
Authors

Orcid: 0000-0003-2957-2507
Author: Koray Recep YILMAZ
Country: Turkey


Orcid: 0000-0003-3291-1071
Author: Demet ÖZMEN YILMAZ

Bibtex @research article { fsecon380928, journal = {Fiscaoeconomia}, issn = {}, eissn = {2564-7504}, address = {Ahmet Arif EREN}, year = {2018}, volume = {2}, pages = {141 - 166}, doi = {10.25295/fsecon.2018.s1.005}, title = {The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework}, key = {cite}, author = {YILMAZ, Koray and ÖZMEN YILMAZ, Demet} }
APA YILMAZ, K , ÖZMEN YILMAZ, D . (2018). The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework. Fiscaoeconomia, 2 (1), 141-166. DOI: 10.25295/fsecon.2018.s1.005
MLA YILMAZ, K , ÖZMEN YILMAZ, D . "The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework". Fiscaoeconomia 2 (2018): 141-166 <http://dergipark.org.tr/fsecon/issue/35742/380928>
Chicago YILMAZ, K , ÖZMEN YILMAZ, D . "The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework". Fiscaoeconomia 2 (2018): 141-166
RIS TY - JOUR T1 - The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework AU - Koray Recep YILMAZ , Demet ÖZMEN YILMAZ Y1 - 2018 PY - 2018 N1 - doi: 10.25295/fsecon.2018.s1.005 DO - 10.25295/fsecon.2018.s1.005 T2 - Fiscaoeconomia JF - Journal JO - JOR SP - 141 EP - 166 VL - 2 IS - 1 SN - -2564-7504 M3 - doi: 10.25295/fsecon.2018.s1.005 UR - https://doi.org/10.25295/fsecon.2018.s1.005 Y2 - 2018 ER -
EndNote %0 Fiscaoeconomia The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework %A Koray Recep YILMAZ , Demet ÖZMEN YILMAZ %T The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework %D 2018 %J Fiscaoeconomia %P -2564-7504 %V 2 %N 1 %R doi: 10.25295/fsecon.2018.s1.005 %U 10.25295/fsecon.2018.s1.005
ISNAD YILMAZ, Koray , ÖZMEN YILMAZ, Demet . "The Late Capitalist Development in the Context of Internationalization of Capital: A Theoretical Framework". Fiscaoeconomia 2 / 1 (February 2018): 141-166. https://doi.org/10.25295/fsecon.2018.s1.005