This ebook goals to check the results of globalization and financial and political changes within the 'emerging areas' of Latin the USA and the Caribbean, East critical Europe and the previous Soviet Union and East Asia by way of taking a look at improvement trajectories and the pathways of either financial and political switch. it is a special approach by way of books released in either geography and the social sciences.
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Additional resources for Alternative Capitalisms: Geographies of Emerging Regions
E. involved in international decision-making bodies such as those shaping trade policies). The semi-periphery also receives more investment from the core in industry and other productive enterprises, and it trades more with the core in sectors other than primary products. Further, the policies of semi-peripheral countries more closely follow the currently dominant development paradigm and, as discussed earlier, semiperipheral countries are held up as development models for the periphery to follow.
CONCLUSION This chapter shows how the concept of emerging markets arose out of the neoliberal model that came to dominate global economic thinking in the wake of the economic crises of the 1980s. Emerging markets form a component of the new architecture of the world order, which have largely replaced an older order based around concepts of First, Second and Third Worlds. But this newer architecture is no less unequal than the old one. Indeed, according to numerous observers, it fosters greater divergence between the richer and poorer countries of the world.
Peripheral countries possess all the negative features of semi-peripheral ones, but fall short of the semiperiphery's complement of positive indicators. Peripheral countries are marginalized in the worldsystem for one of both of two basic flaws, so far as core interests are concerned: 1. 2. they are insufficiently profitable, or they present challenges to the world order. First, most countries are marginalized because they offer core investors few profit-making opportunities. Their instability and unpredictability, and weak infrastructure for capitalist development, makes them generally unattractive to investors.