Globalization and development

Abstract

This article analyzes all three expansion waves of the capitalist mode of production, emphasizing on the last wave. The first sections aim to analyze the impact of the last stage of globalization on central countries, particularly, mobility of capital and new relations of social forces which foster concentration and oligopolic competitiveness in the 'neoliberalism - globalization - financiarization' sequence, as well as its effects on global economic structure, and the end of this period. The final section analyzes the dependent nature of peripheral formations, to conclude that 'the effects of the third wave of globalization will be matched will the demand for a re-definition of national development policies, and, for this, the re-structuration of peripheral States which is based on a power bloc structure that will be markedly different to that which is designed in the traditional development theory, which will also surely imply new answers to the question on the type of desirable development and the path to achieve it'.