Abstract:Financialization is the result of the development of social forces and relations of production translated into legal and institutional changes including the increasing importance of the financial sphere of capital and international financial circuits compared with the rest of the economy. An analysis from a lower level of abstraction, as proposed by the Marxist theory of dependency and Jaime Osorio’s work on the pattern of capital reproduction, must consider the differentiated incorporation of the periphery in… Show more
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