Global accumulation and accounting for national economic identity |
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Institution: | 1. University of Chicago, Chicago, IL, United States;2. University of Cologne, Cologne, Germany |
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Abstract: | As accumulation has globalized, national economic indicators such as the balance of payments have been increasingly called on to provide popular measures of national economic performance. Yet at the same time the possibility of defining the national economy as a unit is becoming more ambiguous. Reliance on conventional national indicators in the context of globally integrated accumulation is leading systematically to reinforce the subordination of labor to capital on a global scale. |
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