Contemporary Dependency: The challenges of the Developing World
Cabrales Pumarejo, Emiliano (2017)
Cabrales Pumarejo, Emiliano
Creative Commons Attribution 3.0 Unported
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The article argues about the consequences of the entry of the Capitalist system into the world during the XX century and the repercussions it had on the construction of economy and society around the world. The analysis contemplates two of the biggest inventions of capitalism, Free Trade and Finance, and it focuses on the relations that join the developed world and the Third World, and the ties of dependency that arose historically in the process of integration of the new system, and these inventions. It will indeed provide historical evidence of the limitations of capitalism for the developing countries and the dangers that threat the whole world.