It is popular these days to talk about the "discontent" of neoliberal globalization. This "discontent" is no longer the prerogative of intellectuals. Increasingly, it comes from below, with opposition from the grassroots. But there may be another type of discontent lurking behind the scenes....

A theoretical and historical account of the global political economy of oil, armament and capital accumulation in the Middel East.

The chapter offers a new approach for analysing capitalist development and crisis, tying together mergers and acquisitions, stagflation and globalization as integral facets of accumulation. The framework builds on the concept of differential accumulation, emphasizing the power drive by dominant...

A recent paper by Dollar and Kraay (2001) finds that higher primary educational attainment of the workforce does not increase the income of the poor except for its effect on average income. We test the robustness of their finding by using a broader measure of human capital that accounts for...