Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization
Autor(a) principal: | |
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Data de Publicação: | 2002 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Revista de Economia Política |
Texto Completo: | http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572002000100004 |
Resumo: | ABSTRACT Worldwide devaluation races lead to the globalization of rent instead of profit and autonomy of civil society. This specific pattern of today’s globalization goes with serious underconsumptionist tendencies as self-sufficiency in wage goods production is achieved in economies with a very low marginal product of labour in agriculture and structural unemployment which disempowers all labour. The 19th century likewise intensive globalization was characterized by full employment tendencies, rising real wages and an expansion of the welfare state. A return to such a convoy model of globalization is possible through marginality reducing development policies for uplifting the poor in the South. |
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Productivity, Wages, Profits, and Exchange Rates in an Era of GlobalizationProductivitywagesprolitsexchange rateABSTRACT Worldwide devaluation races lead to the globalization of rent instead of profit and autonomy of civil society. This specific pattern of today’s globalization goes with serious underconsumptionist tendencies as self-sufficiency in wage goods production is achieved in economies with a very low marginal product of labour in agriculture and structural unemployment which disempowers all labour. The 19th century likewise intensive globalization was characterized by full employment tendencies, rising real wages and an expansion of the welfare state. A return to such a convoy model of globalization is possible through marginality reducing development policies for uplifting the poor in the South.Centro de Economia Política2002-03-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572002000100004Brazilian Journal of Political Economy v.22 n.1 2002reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572002-1276info:eu-repo/semantics/openAccessELSENHANS,HARTMUTeng2020-09-21T00:00:00Zoai:scielo:S0101-31572002000100004Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2020-09-21T00:00Revista de Economia Política - EDITORA 34false |
dc.title.none.fl_str_mv |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
title |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
spellingShingle |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization ELSENHANS,HARTMUT Productivity wages prolits exchange rate |
title_short |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
title_full |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
title_fullStr |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
title_full_unstemmed |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
title_sort |
Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization |
author |
ELSENHANS,HARTMUT |
author_facet |
ELSENHANS,HARTMUT |
author_role |
author |
dc.contributor.author.fl_str_mv |
ELSENHANS,HARTMUT |
dc.subject.por.fl_str_mv |
Productivity wages prolits exchange rate |
topic |
Productivity wages prolits exchange rate |
description |
ABSTRACT Worldwide devaluation races lead to the globalization of rent instead of profit and autonomy of civil society. This specific pattern of today’s globalization goes with serious underconsumptionist tendencies as self-sufficiency in wage goods production is achieved in economies with a very low marginal product of labour in agriculture and structural unemployment which disempowers all labour. The 19th century likewise intensive globalization was characterized by full employment tendencies, rising real wages and an expansion of the welfare state. A return to such a convoy model of globalization is possible through marginality reducing development policies for uplifting the poor in the South. |
publishDate |
2002 |
dc.date.none.fl_str_mv |
2002-03-01 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572002000100004 |
url |
http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572002000100004 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
10.1590/0101-31572002-1276 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
text/html |
dc.publisher.none.fl_str_mv |
Centro de Economia Política |
publisher.none.fl_str_mv |
Centro de Economia Política |
dc.source.none.fl_str_mv |
Brazilian Journal of Political Economy v.22 n.1 2002 reponame:Revista de Economia Política instname:EDITORA 34 instacron:EDITORA_34 |
instname_str |
EDITORA 34 |
instacron_str |
EDITORA_34 |
institution |
EDITORA_34 |
reponame_str |
Revista de Economia Política |
collection |
Revista de Economia Política |
repository.name.fl_str_mv |
Revista de Economia Política - EDITORA 34 |
repository.mail.fl_str_mv |
||cecilia.heise@bjpe.org.br |
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1754122479706570752 |