On the Political Economy of Backwardness

Paul Baran, On the Political preservation of Backwardness, The Manchester School of parsimoniousness and Social Studies, January, 1952, V.XX, No. 1: 66-84. On t he Political Economy of Backwardness I T he capitalist direction of production and the social and political amass concomitant with it provided, during the latter disperse of the eighteenth century, and still to a greater extent during the entire nineteenth century, a fabric for a never-ending and, in spite of cyclical disturbafices a nd setbacks, momentous expansion of productivity and material welfare. The relevant facts are hearty cognize and call(a) for no elaboration. Yet this material (and cultural) gain was not completely spotty in time yet most un notwithstandingly distributed in space. I t was confined to the Hesperian world ; a nd did not affect yet all of this territorially and demographically comparatively small sector of the be globe. Germany and Austria, Britain and France, som e smaller countries in Western Europe, and the United States and Canada intermeshed places in the neighbourhood of the sun. The vast exeanses a nd the volume of inhabitants of Eastern Europe, Spain and Portugal, Italy and the Balkans, Latin America and Asia, not to speak of Africa, remained in the deep shadow of backwardness and squalor, of stagnation and misery.

Tardy and insufficient as the benefits of capitalism may have been with respect to the displace classes even in most of the leading industrial countries, they were all but negligible in the less privileged split of the world. There productivity remain ed low, and speedy increases in population p! ushed existing standards from bad to worse. The dreams of the prophets of capitalist harmony remained on paper. Capital both did not move from countries where its marginal productivity was iow to countries where it could be judge to be high, or if it did, it moved there principally in order to extract profits from baekward countries that frequently accounted for a lions function of the increments in...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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