World Capital Accumulation, Trade Patterns and Modes of Production, 1500–1770

Andre Gunder Frank

Chapter 2 in Dependent Accumulation and Underdevelopment, 1978, pp 13-24 from Palgrave Macmillan

Abstract: Abstract We may review the first major period or stage of world capital accumulation, capitalist development and underdevelopment by briefly summarising the international division of labour and pattern of trade between roughly 1500 and 1770 and examining the concomitant transformation of the modes of production in the colonial areas. The associated capital accumulation and capitalist development in the European metropolis is examined as part of the second stage of this historical process in Chapter 4.

Keywords: Capital Accumulation; Capitalist Development; Unequal Exchange; American Coloni; Dependent Accumulation (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16014-3_2

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DOI: 10.1007/978-1-349-16014-3_2

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