Democratic backsliding and growth in Serbia In a previous article, I critiqued this year’s Nobel Prize for its institutional theory on development, highlighting Serbia as a case where economic gr
Tag: dependency theory
Boris Kagarlitsky: China and Russia in the modern world-system — A dual challenge
This is one of those unique cases when I republish someone else’s article. But I feel compelled to do so. The article is written by my co-author Boris Kagarlitsky, currently serving a 5-year
Foreign Direct Investment: The Opium for Development
A Marxist Take on Investment Hopes Last week I presented our research (with Boris Kagarlitsky) at the annual meeting of the Armenian Economic Association in Yerevan. The research takes the Marxist
Russia’s Delinking from the West: The Great Equalizer
In this post, I discuss the recent trend towards more income equality in Russia. Mainstream economics explain it by the country’s transition to war economy. I apply Marxist analysis to demonstrat
Dependency, Corruption and Prison
It is always a pleasant surprise when your research comes with unexpected results. Getting confirmation of your ideas is somewhat boring but unexpected results challenge you intellectually, prompti
Dependency Theory After 50 Years: Development, United Nations, War in Ukraine and the Global Fragmentation
This book by the prominent Argentinian economist Claudio Katz explores the contemporary relevance of the dependency theory: to what extent does it explain today’s world? Dependency theory: the fu