Imperialism in the Financial Capital Era: Forgotten Contributions from Marxist Dependency Theory

Débora Machado Nunes

Review of Radical Political Economics, 2024, vol. 56, issue 1, 5-22

Abstract: This article argues that the contributions of Marxist Dependency Theory (MDT) can provide theoretical insights for the analysis of financialized capitalism dynamics, contribute to the debate about the rise of a globalized working class, and help guide a transformative praxis in the periphery, therefore being relevant for the debate of contemporary imperialism. I discuss which traditions of dependency theories were most featured in economics literature and why I believe that MDT is marginalized and misinterpreted, focusing on the historical and political aspects of that process. Next, I debate some contributions of contemporary imperialism theory, and conclude that MDT has the potential to advance some of its core concepts and formulate a powerful synthesis. JEL Classification: B51, F54

Keywords: dependency theory; Marxist dependency theory; imperialism; Latin America; financialized capitalism (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:56:y:2024:i:1:p:5-22

DOI: 10.1177/04866134231189835

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