World Accumulation

Most of Andre Gunder Frank's early work on the nature of underdevelopment focused on one continent: Latin America. Here he broadened his canvas and traced the world-wide effects of the process of capital accumulation from the period just prior to the discovery of America to the industrial and French revolutions. It is Frank's thesis that the world has experienced a single all-embracing, albeit unequal and uneven, process of capital accumulation centered in Western Europe, which has been capitalist for at least two centuries.

Women's social status, womens rights, international division of labour, capitalist country, socialist country, developing country - womens organization, trends, historical, USA and Western Europe, cultural factors, political aspects, woman workers, capitalism, feudalism, sexual division of labour, labour productivity, colonialism, economic role, homemakers, production relations, violence, China, India, Viet Nam, case studies. Bibliography, statistical tables.

Africa and the Global System of Capital Accumulation offers a groundbreaking analysis of the strategic role Africa plays in the global capitalist economy. The exploitation of Africa’s rich resources, as well as its labor, make it possible for major world powers to sustain their authority over their own middle-class populations while rewarding African collaborators in leadership positions for subjecting their populations into poverty and desperation. Middle-class obsessions such as computers, mobile phones, cars and the petroleum that fuels them, diamonds, chocolate – all of these products require African resources that are typically obtained by child or slave labor that helps to generate billionaires out of foreign investors while impoverishing most Africans. Oritsejafor and Cooper demonstrate that "primitive accumulation," believed by both Adam Smith and Karl Marx to be a process that precedes capitalism, is actually an integral part of capitalism. They also validate the thesis that capitalism incorporates racism as an organizing tool for the exploitation of labor in Africa and on a global scale. Case studies are presented on Nigeria, Cote d’Ivoire, Ghana, Liberia, Congo, Tanzania, Somalia, Angola, Namibia, Sao Tome and Principe, and South Sudan. There are also chapters analyzing the interests of Russia and China in Africa. This book will be of interest to students and scholars of African politics, development, and economics.

'It is my thesis that this general production of life, or subsistence production - mainly performed through the non-wage labour of women and other non-wage labourers as slaves, contract workers and peasants in the colonies - constitutes the perennial basis upon which "capitalist productive labour" can be built up and exploited.' First published in 1986, Maria Mies's progressive book was hailed as a major paradigm shift for feminist theory, and it remains a major contribution to development theory and practice today. Tracing the social origins of the sexual division of labour, it offers a history of the related processes of colonization and 'housewifization' and extends this analysis to the contemporary new international division of labour. Mies's theory of capitalist patriarchy has become even more relevant today. This new edition includes a substantial new introduction in which she both applies her theory to the new globalized world and answers her critics.

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.