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| Author: | Dixon, W. Boswell, T. |
| Title: | Dependency, disarticulation, and denominator effects: another look at foreign capital penetration |
| Journal: | American Journal of Sociology
1996 : SEP, VOL. 102:2, p. 543-562 |
| Index terms: | SOCIOLOGY USA CAPITAL |
| Language: | eng |
| Abstract: | Less developed countries desperately need capital to develop, but countries dependent on foreign capital face slower economic growth, higher income inequality, and possibly impaired domestic capital formation. These conclusions emerge from a reassessment of Glenn Firebaugh's broad critique of capital dependency research, which exposed an important error in earlier studies. The solution charts new theoretical ground by factoring dependency effects into the differential productivity of foreign and domestic investment. |
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