Neo-liberalism and the Diffusion of Development*

Nov 19th 2018, Prabhat Patnaik

The cycles of ebbs and flows under capitalism result in the behaviour of capitalists alternating between riskless and adventurers when it comes to investments. As the ongoing capitalist recession continues and even gets accentuated, as finance begins to flow back increasingly to the metropolis as is already happening, investment and growth rate in the third world will dry up to an even greater extent than in the metropolis.

This article was originally published in News Click on November 18, 2018.

This Document is in Adobe Acrobat format and would
need a PDF reader to view it.

View/ Download the
document in PDF format


Click below
to get Adobe® Acrobat® Reader®, a free
software that lets you view and print Adobe Portable Document Format (PDF) files.



Site optimised for 800 x 600 and above for Internet Explorer 5 and above