Araştırma Makalesi

Are Dependency Theory and Modern World-System Analysis Relevant Today?

Cilt: 8 Sayı: 2 23 Haziran 2024
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Are Dependency Theory and Modern World-System Analysis Relevant Today?

Öz

This article aims to analyze the relevance of dependency theory and modern world-systems analysis in understanding the contemporary dynamics of global capitalism. Instead of discussing their epistemological validity, this study suggests tackling the dependency and world-systems approaches as analytical tools to explore recent political and economic developments. It assesses the applicability of these approaches through cases studies of primitive accumulation, unequal exchanges and financial subordination. The study initially examines the primitive accumulation in peripheral countries through extractive industries controlled by multinational corporations and the commodification and privatization of natural resources. Secondly, it analyzes the continuous transfer of surplus value from the periphery to the core through unequal exchanges. These exchanges stem from wage and resource price disparities between core and peripheral countries, perpetuating hierarchical trade relations and fostering uneven development. Thirdly, the study discusses the process of financialization, which entails debt-credit relations leading to perpetual debt traps for structurally fragile peripheral countries – termed “financial subordination.” It is shown that the global currency hierarchy and the volatility of capital flows exacerbate the vulnerability and peripheralization of developing and emerging economies. The analysis of these three cases confirms that the dependency and world-systems approaches offer valuable insights for interpreting contemporary dynamics in global capitalism.

Anahtar Kelimeler

Kaynakça

  1. Adaman, F.; Arsel, M.; Akbulut, B. (2021). Neoliberal Developmentalism, Authoritarian Populism, and Extractivism in the Countryside: The Soma Mining Disaster in Turkey. In Authoritarian Populism and the Rural World, I, Scoones & M. Edelman, eds. Routledge: New York. pp. 154–176.
  2. Alami, I., Alves, C., Bonizzi, B., Kaltenbrunner, A., Koddenbrock, K., Kvangraven, I., & Powell, J. (2023). International Financial Subordination: A Critical Research Agenda. Review of International Political Economy, 30(4), 1360-1386.
  3. Beck, M. (2016). The Risk Implications of Globalisation: An Exploratory Analysis of 105 Major Industrial Incidents (1971–2010). International Journal of Environmental Research and Public Health, 13(3), 309.
  4. Byres, T. J. (2005). Neoliberalism and Primitive Accumulation in Less Developed Countries. In Neoliberalism: A Critical Reader, A. Saad-Filho & D. Johnston, eds. London: Pluto Press, pp. 83-90.
  5. Bureau of Economic Analysis. (2023). Direct Investment by Country and Industry 2022. https://www.bea.gov/news/2023/direct-investment-country-and-industry-2022
  6. Chase-Dunn, C. (2007). Dependency and World-Systems Theories. The Blackwell Encyclopedia of Sociology, pp. 1060-1062. https://onlinelibrary.wiley.com/doi/book/10.1002/9781405165518
  7. Devine, H.; Gerard, M.; Suljagic, I. J.; Thakoor, V.; Beer, S. Tax Avoidance in Sub-Saharan Africa’s Mining Sector. Washington, DC: International Monetary Fund, 2021. https://www.imf.org/-/media/Files/Publications/DP/2021/English/TASSAMSEA.ashx
  8. Duménil, G.; Lévy, D. (2005). The Neoliberal (Counter-) Revolution. In Neoliberalism: A Critical Reader, A. Saad-Filho & D. Johnston, eds. London: Pluto Press, pp. 9-19.

Ayrıntılar

Birincil Dil

İngilizce

Konular

Heterodoks İktisat, Radikal İktisat

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

23 Haziran 2024

Gönderilme Tarihi

4 Şubat 2024

Kabul Tarihi

10 Mayıs 2024

Yayımlandığı Sayı

Yıl 2024 Cilt: 8 Sayı: 2

Kaynak Göster

APA
Kuran, İ. (2024). Are Dependency Theory and Modern World-System Analysis Relevant Today? Politik Ekonomik Kuram, 8(2), 332-344. https://doi.org/10.30586/pek.1431514
AMA
1.Kuran İ. Are Dependency Theory and Modern World-System Analysis Relevant Today? PEK. 2024;8(2):332-344. doi:10.30586/pek.1431514
Chicago
Kuran, İbrahim. 2024. “Are Dependency Theory and Modern World-System Analysis Relevant Today?”. Politik Ekonomik Kuram 8 (2): 332-44. https://doi.org/10.30586/pek.1431514.
EndNote
Kuran İ (01 Haziran 2024) Are Dependency Theory and Modern World-System Analysis Relevant Today? Politik Ekonomik Kuram 8 2 332–344.
IEEE
[1]İ. Kuran, “Are Dependency Theory and Modern World-System Analysis Relevant Today?”, PEK, c. 8, sy 2, ss. 332–344, Haz. 2024, doi: 10.30586/pek.1431514.
ISNAD
Kuran, İbrahim. “Are Dependency Theory and Modern World-System Analysis Relevant Today?”. Politik Ekonomik Kuram 8/2 (01 Haziran 2024): 332-344. https://doi.org/10.30586/pek.1431514.
JAMA
1.Kuran İ. Are Dependency Theory and Modern World-System Analysis Relevant Today? PEK. 2024;8:332–344.
MLA
Kuran, İbrahim. “Are Dependency Theory and Modern World-System Analysis Relevant Today?”. Politik Ekonomik Kuram, c. 8, sy 2, Haziran 2024, ss. 332-44, doi:10.30586/pek.1431514.
Vancouver
1.İbrahim Kuran. Are Dependency Theory and Modern World-System Analysis Relevant Today? PEK. 01 Haziran 2024;8(2):332-44. doi:10.30586/pek.1431514

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