Productivity, Wages, Profits, and Exchange Rates in an Era of Globalization

Detalhes bibliográficos
Autor(a) principal: ELSENHANS,HARTMUT
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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spelling 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
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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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