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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

Leonardo Costa Ribeiro and Eduardo Albuquerque ()
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Leonardo Costa Ribeiro: Cedeplar-UFMG

No 517, Textos para Discussão Cedeplar-UFMG from Cedeplar, Universidade Federal de Minas Gerais

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).

Keywords: centre-periphery; metamorphoses of capitalism; development and underdevelopment (search for similar items in EconPapers)
JEL-codes: P16 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-pke
Date: 2015-09
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