Vol. 15 No. 2 (1995)
Apr-Jun / 1995
Published April 1, 1995
How to Cite
Furtado, Celso. 1995. “The Invention of Underdevelopment”. Brazilian Journal of Political Economy 15 (2):157-62. https://doi.org/10.1590/0101-31571995-0869.
The invention of underdevelopment
Abstract
The author recalls the development theory to illustrate the notable differences
between the patterns and results of capitalist accumulation in central and peripheral regions.
While in the former the result was an increase in wages and quality of life, he concludes that
in the peripheral regions there has been an upsurge in social inequalities and patterns of domination,
in order to, based on these reflections, establish the concept of underdevelopment
and reflect ways of overcoming it.
JEL Classification: O10.
Keywords: Theory of economic development underdevelopment core and periphery