The Globalization of Capitalism in Third World Countries - Hardcover

by Priyatosh Maitra (Author), Unknown (Author)

The transformation and growth of capitalism in third world countries is examined by first looking at the beginnings and growth of capitalism in the developed industrialized world and at the various stages in which it is transplanted to less developed countries. This transplantation of capitalism brings about only the rapid growth of capital sector and not the complete capitalist transformation of a country. An interesting challenge of traditional views is made on population growth, demographic transitions, and technological transfers in economic development. Social welfare and economic planning are justified as inevitable conditions for the present phase of the spread of capitalism.

Author Biography

PRIYATOSH MAITRA formerly of the Indian Statistical Institute, Calcutta, and East African Institute of Economic and Social Research, is presently an Associate Professor with the University of Otago, New Zealand. He specializes in research in the effects of population, technology, growth patterns, and import substitution on economic development.