The Political Economy of UnderdevelopmentFirst published in 1982, this reissue deals with the theory of underdevelopment, as Dr. de Silva attempts a synthesis between the internal and external aspects of underdevelopment and, in the Marxist tradition, focuses on the impact of the external on the internal as the dominant reality. Viewing underdevelopment as a problem in the non-transformation to capitalism, this analysis is in terms of the character of the dominant capital and of the dominant classes. Underdevelopment thus encompasses the ‘traditional’ peasant economy and also the export sector where the ‘modernizing’ influence of colonialism was felt. The book finally considers how the contemporary internationalization of capital affected the economies of the Third World. |
Contents
| 1 | |
| 17 | |
Investment patterns in the settler and nonsettler situations | 50 |
The plantation system and underdevelopment | 184 |
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Common terms and phrases
activities Africa agency agency houses Agent agriculture basis became British capitalist cent centre century Ceylon Chinese Co.Ltd Colombo colonies companies compared costs countries crops cultivation demand dependence directors dominant earlier economy effect employment enterprises European existing expanded export factors firms force foreign groups growth History Ibid imports increased Indian indigenous industrial interests internal investment involved Kandyan labour land later less limited London Malaysia manufacturing materials ment merchant capital metropolitan mining mode nature Office operations output pattern peasant period periphery plantation plantation companies planters political problem production profits quoted referred relations relatively Report result rubber scale Second sector settler social society South Sri Lanka structure sugar supply surplus tion trade underdeveloped unit village wage workers