The Financialization Response to Economic Disequilibria
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The Financialization Response to Economic Disequilibria

European and Latin American Experiences

  • New Directions in Post-Keynesian Economics series

Edited by Noemi Levy and Etelberto Ortiz

Europe and Latin America’s social and economic stagnation is a direct result of the unresolved phenomena of the financialization crisis that broke out in 2008 in developed countries. Editors Noemi Levy and Etelberto Ortiz analyze the limitations of economic growth and development under capitalist economic organizations where financial capital is dominant, as well as explore alternative economic policies.
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Chapter 5: Latin America in the new international order: new forms of economic organizations and old forms of surplus appropriation

Noemi Levy

Abstract

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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