This extraordinary book proposes a new theory of colonization and
of its economic effects in leading to continued underdevelopment of
formerly colonized countries. It brilliantly attributes those
effects to a simple source: colonial monopolization that
systematically affected consumers, labor, and related industries,
creating a structure of domination that continues today. The book
is comparable to Thomas Piketty's best-selling Capital in the 21st
Century, but substantially goes beyond and is deeper than Piketty
because it explains the economic and structural forces leading to
increasing inequality. The book also shows that these same forces
are affecting modern economies which will inhibit development into
the future. It should be read by all interested in the economic and
social effects of colonialism as well as by all interested in the
economic future of the world.' - George L. Priest, Yale Law School,
US'This bold, original and learned book proposes what might be
termed a global, interdisciplinary theory of poverty. It identifies
the cause of under-development of impoverished economies in the
structural concentration of economic power inherited from their
colonial past, then goes on to show how various fields of knowledge
(economics, but also law, philosophy and the social sciences) still
work today to support the same monopolistic socio-economic
structures. Drawing lessons from this analytical framework, it
offers a series of ideas for transformative action. In this
respect, it provides highly instructive - if sobering - reading
while also offering a remarkable methodological model for future
research on issues which might be described as global justice.' -
Horatia Muir Watt, Sciences Po, Paris, France This ambitious
analysis is centered on the evolution of economic structures in
colonized economies, showing the effects of these structures on
today's global reality for all economies, whether they are
considered 'developed or 'underdeveloped.' With a comprehensive
scope encompassing economic structures and their influence on the
growth of nations from past to present, Calixto Salomao Filho
delves into issues of development, economic structures, social
problems, monopolies, globalization, and poverty. This book
features a unique combination of economic and legal analysis of
development, including the examination of underdevelopment trends
based on monopoly growth and the triple drain effects of monopolies
on national economies. The result is an illuminating study of
historical restriction and exploitation and its impact on present
day markets around the world. Monopolies and Underdevelopment will
capture the interest of scholars and readers of the economic theory
of development, economic history of underdeveloped countries, and
law and development; as well as those involved in Latin American
and South Asian studies, international comparative law, and legal
history.
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