Dependent Accumulation

by André Gunder Frank

Why, while Europe, North America, and Australia have developed, have Africa, much of Asia, and Latin America remained underdeveloped? Andre Gunder Frank sets out to answer this basic question by showing how world capital accumulation has led to the differentiation of these regions within the single world-embracing economic system. Unequal exchange between regions, combined with the differential transformation of productive, social, and political relations within regions, has led to the capitalist development of some areas and to the underdevelopment of others.

Genres: Economics, Nonfiction

472 pages, Paperback

First published August 1, 1979

About the author

André Gunder Frank was Professor of Development Economics and Director of the Institute for Socioeconomic Studies at the University of Amsterdam. His publications include Capitalism and Underdevelopment in Latin America (1967) and Reflections on the World Economic Crisis (1981).