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John Smith

Imperialism in the Twenty-First Century

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Winner of the first Paul A. Baran-Paul M. Sweezy Memorial Award for an original monograph concerned with the political economy of imperialism, John Smith's Imperialism in the Twenty-First Century is a seminal examination of the relationship between the core capitalist countries and the rest of the world in the age of neoliberal globalization.Deploying a sophisticated Marxist methodology, Smith begins by tracing the production of certain iconic commodities-the T-shirt, the cup of coffee, and the iPhone-and demonstrates how these generate enormous outflows of money from the countries of the Global South to transnational corporations headquartered in the core capitalist nations of the Global North. From there, Smith draws on his empirical findings to powerfully theorize the current shape of imperialism. He argues that the core capitalist countries need no longer rely on military force and colonialism (although these still occur) but increasingly are able to extract profits from workers in the Global South through market mechanisms and, by aggressively favoring places with lower wages, the phenomenon of labor arbitrage. Meticulously researched and forcefully argued, Imperialism in the Twenty-First Century is a major contribution to the theorization and critique of global capitalism.
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  • bergnaumhassierb637lcompartió una citahace 5 años
    In other words, the incompatible yet inseparable definitions of productivity are conflated in the neoclassical account, subordinated to a measure exclusively based on the ability to attract money in the marketplace
  • bergnaumhassierb637lcompartió una citahace 5 años
    When manufacturers outsource or offshore work, labor productivity increases directly because the outsourced or offshored labor used to produce the product is no longer employed in the manufacturing sector and hence is not counted in the denominator of the labor productivity equation
  • bergnaumhassierb637lcompartió una citahace 5 años
    It uses a value-added definition of productivity to reach its conclusion that the productivity of workers in the tradable goods sector in countries such as Bangladesh is lamentably low, and it switches to a volume definition of productivity to rationalize its perception that the productivity of Bangladeshi service workers is similar to that of their Belgian counterparts.
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