Saturday, May 20, 2017

Two from Branko Milanovic

Liberation from shackles of space, a book review from last year:"There are several aspects of Baldwin’s book that are worth emphasizing. The first is a novel and persuasive way of defining the three historical eras of globalization as made possible successively by the reduced cost of transporting (i) goods, (ii) information, and (iii) people. "
Is "neo-imperialism" the only path to development?:
"It is directly relevant for the understanding of the rise of new capitalist economies in Asia. Richard Baldwin’s recent book (reviewed here), even if Baldwin does not make any allusions to either the classical Marxist position or to the dependency theory, clearly shows that the economic success of Asia was based on the use of  capitalistic relations of production and inclusion in the global supply chains, that is in active participation in globalization. Not passive—but a participation that was sought after, desired. It is thus no accident that China has become the main champion of globalization today. Therefore, Asian success directly disproves the dependency theories and is in full agreement with the classical Marxist position about the revolutionary impact of capitalism, and by extension of “neo-imperialism”, in less developed societies."

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