Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil
<p class="first" id="d367229e88">This paper presents a comparative analysis of capital accumulation in the US, Spain, and Brazil from 1990 to 2014, in order to analyze the peculiarities of the main contemporary economy (US), a developed one with a pe...
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| Format: | Article |
| Language: | English |
| Published: |
Pluto Journals
2020-11-01
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| Series: | World Review of Political Economy |
| Online Access: | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0476 |
| _version_ | 1797834166190997504 |
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| author | Juan Pablo Mateo |
| author_facet | Juan Pablo Mateo |
| author_sort | Juan Pablo Mateo |
| collection | DOAJ |
| description | <p class="first" id="d367229e88">This paper presents a comparative analysis of capital accumulation in the US, Spain,
and Brazil from 1990 to 2014, in order to analyze the peculiarities of the main contemporary
economy (US), a developed one with a peripheral integration into the Eurozone (Spain),
and a semiperipheral economy within a backward region (Brazil). This period is highlighted,
especially for Spain and Brazil, by a neoliberal turn and certain monetary stability.
Taking the US economy as a reference, Brazil achieved a higher average gDP and investment
growth, but its capital-output ratio shows a relative high level. This economy also
suffers from less capacity to produce a surplus in US dollars, and its productivity
gap widens. In the case of Spain, its real-estate speculative boom has driven down
both the profit rate and the productive efficiency of capital stock. Thus, while lacking
an outstanding performance, the USA has kept its productive superiority in relation
to Spain and Brazil.
</p> |
| first_indexed | 2024-04-09T14:34:10Z |
| format | Article |
| id | doaj.art-d453cda3c96c4cd595b6b680bca6491b |
| institution | Directory Open Access Journal |
| issn | 2042-891X 2042-8928 |
| language | English |
| last_indexed | 2024-04-09T14:34:10Z |
| publishDate | 2020-11-01 |
| publisher | Pluto Journals |
| record_format | Article |
| series | World Review of Political Economy |
| spelling | doaj.art-d453cda3c96c4cd595b6b680bca6491b2023-05-03T14:03:54ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282020-11-0111447650510.13169/worlrevipoliecon.11.4.0476Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and BrazilJuan Pablo Mateo<p class="first" id="d367229e88">This paper presents a comparative analysis of capital accumulation in the US, Spain, and Brazil from 1990 to 2014, in order to analyze the peculiarities of the main contemporary economy (US), a developed one with a peripheral integration into the Eurozone (Spain), and a semiperipheral economy within a backward region (Brazil). This period is highlighted, especially for Spain and Brazil, by a neoliberal turn and certain monetary stability. Taking the US economy as a reference, Brazil achieved a higher average gDP and investment growth, but its capital-output ratio shows a relative high level. This economy also suffers from less capacity to produce a surplus in US dollars, and its productivity gap widens. In the case of Spain, its real-estate speculative boom has driven down both the profit rate and the productive efficiency of capital stock. Thus, while lacking an outstanding performance, the USA has kept its productive superiority in relation to Spain and Brazil. </p>https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0476 |
| spellingShingle | Juan Pablo Mateo Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil World Review of Political Economy |
| title | Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil |
| title_full | Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil |
| title_fullStr | Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil |
| title_full_unstemmed | Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil |
| title_short | Capital Accumulation in the Center and Semiperipheries: A Comparative Analysis of the US, Spain, and Brazil |
| title_sort | capital accumulation in the center and semiperipheries a comparative analysis of the us spain and brazil |
| url | https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0476 |
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