Capital accumulation, concentration and centralisation -- Capital accumulation, transnational capital and the exclusion of the periphery -- The inclusion of the periphery in the process of global accumulation -- Brazil in capital's globalisation -- The possibility of a forced disconnection --...

Financial globalisation has led to large increases in foreign assets and liabilities in recent decades, increasing the scope for valuation changes that are potentially greater than trade or financial flows. We confirm that the United States enjoys an 'exorbitant privilege' on flow income from...