TY - JOUR
T1 - Geographies of capital accumulation
T2 - Tracing the emergence of multi-polarity, 1980-2014
AU - Kellogg, Paul
N1 - Publisher Copyright:
Copyright © 2015 by Emerald Group Publishing Limited.
PY - 2015
Y1 - 2015
N2 - To properly assess the relative places of China and the United States in the world system, the fact of the transformation of old, and the emergence of new, centers of capital accumulation needs to be established, and some attempt made to develop means of measuring these developments. This paper, working within the framework of Uneven and Combined Development, will suggest a new metric by which we can assess the geography of capital accumulation in the world economy, a metric with three components. The first component examines national income, both per capita and as shares of the world total. The second component refines the latter to an examination of share of world manufacturing, with a specific examination of distribution of the key sector of high-technology manufacturing. The third and final component examines the distribution of large corporations through the world economy, and introduces a new term - the relative weight of large corporations. All components of this metric suggest that key aspects of the modern economy remain "territorially bound" and clearly reveal the steady, long-term decline of the United States as the dominant center of capital accumulation, and the simultaneous emergence of new centers of capital accumulation in an increasingly multipolar world economy.
AB - To properly assess the relative places of China and the United States in the world system, the fact of the transformation of old, and the emergence of new, centers of capital accumulation needs to be established, and some attempt made to develop means of measuring these developments. This paper, working within the framework of Uneven and Combined Development, will suggest a new metric by which we can assess the geography of capital accumulation in the world economy, a metric with three components. The first component examines national income, both per capita and as shares of the world total. The second component refines the latter to an examination of share of world manufacturing, with a specific examination of distribution of the key sector of high-technology manufacturing. The third and final component examines the distribution of large corporations through the world economy, and introduces a new term - the relative weight of large corporations. All components of this metric suggest that key aspects of the modern economy remain "territorially bound" and clearly reveal the steady, long-term decline of the United States as the dominant center of capital accumulation, and the simultaneous emergence of new centers of capital accumulation in an increasingly multipolar world economy.
KW - Capital accumulation
KW - China
KW - High-technology manufacturing
KW - Multi-polar
KW - Uneven and combined development
KW - World economy
UR - http://www.scopus.com/inward/record.url?scp=84942519432&partnerID=8YFLogxK
U2 - 10.1108/S0161-72302015000030A017
DO - 10.1108/S0161-72302015000030A017
M3 - Journal Article
AN - SCOPUS:84942519432
SN - 0161-7230
VL - 30A
SP - 259
EP - 294
JO - Research in Political Economy
JF - Research in Political Economy
ER -