European and Latin American Experiences
New Directions in Post-Keynesian Economics series
Edited by Noemi Levy and Etelberto Ortiz
Chapter 5: Latin America in the new international order: new forms of economic organizations and old forms of surplus appropriation
In the chapter, ‘Latin America in the new international order: new forms of economic organizations and old forms of surplus appropriation,’ the author discusses the limits of growth in Latin America based on the disequilibria of the productive sector resulting from the financial and technological dependence of the region’s countries, emphasizing that they are subject to a two-fold extraction of profit that hinders recirculation of surpluses to the economic system.
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