Skip to main content
main-content
Top

Hint

Swipe to navigate through the chapters of this book

2021 | OriginalPaper | Chapter

4. Mechanisms of Dependence: Conceptualizing the Latin American Dependency Research Program for the Analysis of European Capitalism

Authors: Joachim Becker, Rudy Weissenbacher, Johannes Jäger

Published in: Dependent Capitalisms in Contemporary Latin America and Europe

Publisher: Springer International Publishing

share
SHARE

Abstract

The chapter provides an overview of the way in which the dependency research program was adopted and adapted in the European academia. In the 1970s and 1980s, dependency theories inspired the analysis of uneven development and developmental strategies with a central focus in Southern Europe. The crisis of 2008 onwards has contributed to a rediscovery of the dependency approach with a new focus on Central and Eastern Europe. Thereby, the European Dependency School (EDS) further developed and adapted the dependency approach by linking it to other theoretical traditions such as regulation theory in order to explain the crises that hit the European peripheries particularly hard. More recently, academics in Europe have started using the dependency approach to better understand the conditions of policymaking within the European Union (EU) and to discuss possible strategies to overcome dependency and promote development. The chapter offers a detailed presentation of two mechanisms of dependency—dependent industrialization and dependent financialization—and their evolution in the EU.
Literature
go back to reference Aglietta, M. (2008). La crise. Comment est-on arrivé là? Comment en sortir? Michalon. Aglietta, M. (2008). La crise. Comment est-on arrivé là? Comment en sortir? Michalon.
go back to reference Altvater, E. (1983). Bruch und Formwandel eines Entwicklungsmodells. Die gegenwärtige Krise ist ein Prozess gesellschaftlicher Transformation. In J. Hoffmann (Ed.), Überproduktion, Unterkonsumtion, Depression. Analysen und Kontroversen zur Krisentheorie (pp. 217–252). VSA. Altvater, E. (1983). Bruch und Formwandel eines Entwicklungsmodells. Die gegenwärtige Krise ist ein Prozess gesellschaftlicher Transformation. In J. Hoffmann (Ed.), Überproduktion, Unterkonsumtion, Depression. Analysen und Kontroversen zur Krisentheorie (pp. 217–252). VSA.
go back to reference Arrighi, G. (1985). Fascism to democratic socialism: Logic and limits of a transition. In G. Arrighi (Ed.), Semiperipheral development: The politics of Southern Europe in the twentieth century (pp. 243–279). Sage (=Explorations in the World-Economy 5). Arrighi, G. (1985). Fascism to democratic socialism: Logic and limits of a transition. In G. Arrighi (Ed.), Semiperipheral development: The politics of Southern Europe in the twentieth century (pp. 243–279). Sage (=Explorations in the World-Economy 5).
go back to reference Arrighi, G. (1994). The long twentieth century: Money, Power, and the origins of our times. Verso. Arrighi, G. (1994). The long twentieth century: Money, Power, and the origins of our times. Verso.
go back to reference Becker, J. (1998). Der kurze Traum immerwährender Demokratie. Kurswechsel, No., 1, 11–22. Becker, J. (1998). Der kurze Traum immerwährender Demokratie. Kurswechsel, No., 1, 11–22.
go back to reference Becker, J. (2008). Der Drang nach Osten: Wirtschaftliche Interessen und geopolitische Strategien. Kurswechsel, No, 1, 5–29. Becker, J. (2008). Der Drang nach Osten: Wirtschaftliche Interessen und geopolitische Strategien. Kurswechsel, No, 1, 5–29.
go back to reference Becker, J. (2014). Finanzialisierung und globale Peripherie. In M. Heires & A. Nölke (Eds.), Politische Ökonomie der Finanzialisierung (pp. 181–196). Springer VS. CrossRef Becker, J. (2014). Finanzialisierung und globale Peripherie. In M. Heires & A. Nölke (Eds.), Politische Ökonomie der Finanzialisierung (pp. 181–196). Springer VS. CrossRef
go back to reference Becker, J. (2019a). Dependency, (non-)development and possible alternatives: the Visegrád countries and the post-Yugoslav space. In V. Delteil & X. Richet (Eds.), L’Europe, une fracture à retardement (pp. 189–212). L’Harmattan. Becker, J. (2019a). Dependency, (non-)development and possible alternatives: the Visegrád countries and the post-Yugoslav space. In V. Delteil & X. Richet (Eds.), L’Europe, une fracture à retardement (pp. 189–212). L’Harmattan.
go back to reference Becker, J. (2019b). Développement inégal et mobilisation inégale au sein de l’Union européenne. In B. Bürbauer, A. Cukier, & M. Rosato (Eds.), Europe, alternatives économiques. Analyses et propostions de gauche (pp. 93–116). La Dispute. Becker, J. (2019b). Développement inégal et mobilisation inégale au sein de l’Union européenne. In B. Bürbauer, A. Cukier, & M. Rosato (Eds.), Europe, alternatives économiques. Analyses et propostions de gauche (pp. 93–116). La Dispute.
go back to reference Becker, J. (2020). Selektiver Wirtschaftsnationalismus und Klassenprojekte: Fidesz und PiS im Vergleich. In C. Book, N. Huke, N.Tiedemann, & O. Tietje (Eds.), Autoritärer Populismus (pp. 150–164). Westfälisches Dampfboot. Becker, J. (2020). Selektiver Wirtschaftsnationalismus und Klassenprojekte: Fidesz und PiS im Vergleich. In C. Book, N. Huke, N.Tiedemann, & O. Tietje (Eds.), Autoritärer Populismus (pp. 150–164). Westfälisches Dampfboot.
go back to reference Becker, J., & Ćetković, P. (2015). Patterns of financialisation in Southeast European and Visegrád countries. In D. Radošević & V. Cvijanović (Eds.), Financialisation and financial crisis in South-Eastern European countries (pp. 71–90). Peter Lang. Becker, J., & Ćetković, P. (2015). Patterns of financialisation in Southeast European and Visegrád countries. In D. Radošević & V. Cvijanović (Eds.), Financialisation and financial crisis in South-Eastern European countries (pp. 71–90). Peter Lang.
go back to reference Becker, J., Ćetković, P., & Weissenbacher, R. (2016). Financialisation, dependent export industrialization, and deindustrialisation in Eastern Europe. In G. Cozzi, S. Newman, & J. Toporowski (Eds.), Finance and industrial policy: Beyond financial regulation in Europe (pp. 41–64). Oxford University Press. CrossRef Becker, J., Ćetković, P., & Weissenbacher, R. (2016). Financialisation, dependent export industrialization, and deindustrialisation in Eastern Europe. In G. Cozzi, S. Newman, & J. Toporowski (Eds.), Finance and industrial policy: Beyond financial regulation in Europe (pp. 41–64). Oxford University Press. CrossRef
go back to reference Becker, J., Jäger, J., Leubolt, B., & Weissenbacher, R. (2010). Peripheral financialization and vulnerability to crisis: A regulationist perspective. Competition and Change, 14(3–4), 225–247. CrossRef Becker, J., Jäger, J., Leubolt, B., & Weissenbacher, R. (2010). Peripheral financialization and vulnerability to crisis: A regulationist perspective. Competition and Change, 14(3–4), 225–247. CrossRef
go back to reference Becker, J., Jäger, J., & Weissenbacher, R. (2015). Uneven and dependent development in Europe: The crisis and its implications. In J. Jäger & E. Springler (Eds.), Crisis in Europe and possible futures. Critical political economy and post-Keynesian perspectives (pp. 81–113) . Routledge. Becker, J., Jäger, J., & Weissenbacher, R. (2015). Uneven and dependent development in Europe: The crisis and its implications. In J. Jäger & E. Springler (Eds.), Crisis in Europe and possible futures. Critical political economy and post-Keynesian perspectives (pp. 81–113) . Routledge.
go back to reference Bohle, D. (2014). Post-socialist housing meets transnational finance: Foreign banks, mortgage lending, and the privatization of welfare in Hungary and Estonia. Review of International Political Economy, 21(4), 913–948. CrossRef Bohle, D. (2014). Post-socialist housing meets transnational finance: Foreign banks, mortgage lending, and the privatization of welfare in Hungary and Estonia. Review of International Political Economy, 21(4), 913–948. CrossRef
go back to reference Cardoso, F. H., & Faletto, E. (1979). Dependency and development in Latin America. University of California Press. Cardoso, F. H., & Faletto, E. (1979). Dependency and development in Latin America. University of California Press.
go back to reference Carroué, L. (2015). La planète financière. Capital, pouvoirs, espace et territoires. Armand Colin. Carroué, L. (2015). La planète financière. Capital, pouvoirs, espace et territoires. Armand Colin.
go back to reference Dos Santos, P. (2009). On the content of banking in contemporary capitalism. Historical Materialism, 17(2), 180–213. CrossRef Dos Santos, P. (2009). On the content of banking in contemporary capitalism. Historical Materialism, 17(2), 180–213. CrossRef
go back to reference Drahokoupil, J. (2009). Globalization and the state in Central and Eastern Europe. The politics of foreign direct investment. Routledge. Drahokoupil, J. (2009). Globalization and the state in Central and Eastern Europe. The politics of foreign direct investment. Routledge.
go back to reference Epstein, R. (2014). Assets of liabilities? The politics of bank ownership. Review of International Political Economy, 21(4), 765–789. CrossRef Epstein, R. (2014). Assets of liabilities? The politics of bank ownership. Review of International Political Economy, 21(4), 765–789. CrossRef
go back to reference Fiori, J. L. (1999). Estados, moedas e desenvolvimento. In J. L. Fiori (Ed.), Estados e moedas no desenvolvimento das nações (pp. 49–85). Vozes. Fiori, J. L. (1999). Estados, moedas e desenvolvimento. In J. L. Fiori (Ed.), Estados e moedas no desenvolvimento das nações (pp. 49–85). Vozes.
go back to reference Frangakis, M. (2009). Europe’s financial systems under pressure. In J. Grahl (Ed.), Global finance and social Europe (pp. 53–90). Edward Elgar. Frangakis, M. (2009). Europe’s financial systems under pressure. In J. Grahl (Ed.), Global finance and social Europe (pp. 53–90). Edward Elgar.
go back to reference Gerőcs, T., & Jelinek, Cs. (2019). A Nemzeti Együttműködés Rendszere az Europai Unióban. Magayarország EU-integraciójáról – történi szociológiai meközelítésben. Eszmélet, Nr., 118, 12–33. Gerőcs, T., & Jelinek, Cs. (2019). A Nemzeti Együttműködés Rendszere az Europai Unióban. Magayarország EU-integraciójáról – történi szociológiai meközelítésben. Eszmélet, Nr., 118, 12–33.
go back to reference Gerőcs, T., & Pinkasz, A. (2018). Debt-ridden development on Europe’s Eastern periphery. In M. Boatcă, A. Komlosy, & H.-H. Nolte (Eds.), Global inequalities in world-systems perspective. Theoretical debates and methological innovations (pp. 131–153) . Routledge. Gerőcs, T., & Pinkasz, A. (2018). Debt-ridden development on Europe’s Eastern periphery. In M. Boatcă, A. Komlosy, & H.-H. Nolte (Eds.), Global inequalities in world-systems perspective. Theoretical debates and methological innovations (pp. 131–153) . Routledge.
go back to reference Hadjimichalis, C. (2020). Crisis spaces. Structures, struggles and solidarity in Southern Europe. Routledge Hadjimichalis, C. (2020). Crisis spaces. Structures, struggles and solidarity in Southern Europe. Routledge
go back to reference Harvey, D. (1984). Limits to capital. Blackwell. Harvey, D. (1984). Limits to capital. Blackwell.
go back to reference Horvat, S., & Štiks, I. (2012). Dobrodošli u pustinju tranzicije! Postsocializam, Evropska unija, nova levica na Balkanu. In M. Jadžić, D. Maljković, & A. Veselinović (Eds.), Kriza, odgovori, levica. Priloza za jedan kritički diskurs (pp. 159–176). RLS. Horvat, S., & Štiks, I. (2012). Dobrodošli u pustinju tranzicije! Postsocializam, Evropska unija, nova levica na Balkanu. In M. Jadžić, D. Maljković, & A. Veselinović (Eds.), Kriza, odgovori, levica. Priloza za jedan kritički diskurs (pp. 159–176). RLS.
go back to reference Hugrée, C., Penissat, É., & Spire, A. (2017). Les classes sociales en Europe. Tableau des nouveaux inégalités sur le vieux continent. Agone. Hugrée, C., Penissat, É., & Spire, A. (2017). Les classes sociales en Europe. Tableau des nouveaux inégalités sur le vieux continent. Agone.
go back to reference Jäger, J. (2020). From Marx to critical international political economy. In E. Vivares (Ed.), The Routledge handbook to global political economy (pp. 247–261). Routledge. CrossRef Jäger, J. (2020). From Marx to critical international political economy. In E. Vivares (Ed.), The Routledge handbook to global political economy (pp. 247–261). Routledge. CrossRef
go back to reference Ješe Perković, A. (2016). Zahodni Balkan na poti v EU. Pasti tranzicije, demokratizacije in evropeizacije. Univerza v Ljbuljani – Filozofska Fakulta Ješe Perković, A. (2016). Zahodni Balkan na poti v EU. Pasti tranzicije, demokratizacije in evropeizacije. Univerza v Ljbuljani – Filozofska Fakulta
go back to reference Lapavitsas, C. et al. (2012). Crisis in the Eurozone. Verso Lapavitsas, C. et al. (2012). Crisis in the Eurozone. Verso
go back to reference Lopez, I., & Rodríguez, E. (2010). Fin de ciclo. Financiarización, territorio y sociedad de propietarios en la onda larga del capitalismo hispano (1959–2010). Traficantes de Sueños Lopez, I., & Rodríguez, E. (2010). Fin de ciclo. Financiarización, territorio y sociedad de propietarios en la onda larga del capitalismo hispano (1959–2010). Traficantes de Sueños
go back to reference Marx, K. (1979). Das Kapital. Kritik der politischen Ökonomie. Band 3. MEW 25. Dietz Marx, K. (1979). Das Kapital. Kritik der politischen Ökonomie. Band 3. MEW 25. Dietz
go back to reference McNally, . (2009). From financial crisis to world slump: Accumulation, financialisation and the global slowdown. Historical Materialism, 17(2), 35–83. CrossRef McNally, . (2009). From financial crisis to world slump: Accumulation, financialisation and the global slowdown. Historical Materialism, 17(2), 35–83. CrossRef
go back to reference Merő, K., & Piroska, D. (2016). Banking union and banking nationalism—Explaining the opt-out choices of Hungary, Poland and the Czech Republic. Policy and Society, 35(3), 215–226. CrossRef Merő, K., & Piroska, D. (2016). Banking union and banking nationalism—Explaining the opt-out choices of Hungary, Poland and the Czech Republic. Policy and Society, 35(3), 215–226. CrossRef
go back to reference Müller, J.-W. (2012). Beyond militant democracy? In New Left Review, No. 73, 39–47. Müller, J.-W. (2012). Beyond militant democracy? In New Left Review, No. 73, 39–47.
go back to reference Myant, M., & Drahokoupil, J. (2011). Transition economies: Political economy in Russia, Eastern Europe, and Central Asia. Wiley. Myant, M., & Drahokoupil, J. (2011). Transition economies: Political economy in Russia, Eastern Europe, and Central Asia. Wiley.
go back to reference Nölke, A., & Vliegenhart, A. (2009). Enlarging the varieties of capitalism: The emergence of dependent market economies in East Central Europe. World Politics, 61(4), 670–702. Nölke, A., & Vliegenhart, A. (2009). Enlarging the varieties of capitalism: The emergence of dependent market economies in East Central Europe. World Politics, 61(4), 670–702.
go back to reference Pavlínek, P. (2017). Dependent growth: Foreign investment and the development of the automotive industry in East-Central Europe. Springer. CrossRef Pavlínek, P. (2017). Dependent growth: Foreign investment and the development of the automotive industry in East-Central Europe. Springer. CrossRef
go back to reference Plihon, D., Couppey-Soubeyran, J., & Saïdane, Dh. (2006). Les banques. Acteurs de la globalisation financière. La documentation française Plihon, D., Couppey-Soubeyran, J., & Saïdane, Dh. (2006). Les banques. Acteurs de la globalisation financière. La documentation française
go back to reference Poulantzas, N. (1976). The crisis of dictatorships. Portugal, Greece, Spain. NLB. Poulantzas, N. (1976). The crisis of dictatorships. Portugal, Greece, Spain. NLB.
go back to reference Rodrigues, J., & Santos, A. C. N. (2016). A financeirização do capitalismo no Portugal. Actual. Rodrigues, J., & Santos, A. C. N. (2016). A financeirização do capitalismo no Portugal. Actual.
go back to reference Rodríguez López, E. (2015). Por qué fracasó la democracia en España. La Tansición y el regimen de ’78. Madrid Rodríguez López, E. (2015). Por qué fracasó la democracia en España. La Tansición y el regimen de ’78. Madrid
go back to reference Rosa, E. (2013). Os grupos económicos e o desenvolvimento em Portugal no contexto da globalização. Página a página. Rosa, E. (2013). Os grupos económicos e o desenvolvimento em Portugal no contexto da globalização. Página a página.
go back to reference Salama, P. (1989). La dollarisation. Essai sur la monnaie, l’industrialisation et l’endettement du tiers monde. La Découverte Salama, P. (1989). La dollarisation. Essai sur la monnaie, l’industrialisation et l’endettement du tiers monde. La Découverte
go back to reference Scheiring, G. (2019). Egy demokrácia halála. Az autoriter kapitalizmus és a felhalmozó állam felemelkedése Magayarországon. Napvilág. Scheiring, G. (2019). Egy demokrácia halála. Az autoriter kapitalizmus és a felhalmozó állam felemelkedése Magayarországon. Napvilág.
go back to reference Seers, D. (1979). The periphery of Europe. In D. Seers, B. Schaffer, & M.-L. Kiljunen (Eds.), Underdeveloped Europe: Studies in core-periphery relations (pp. 3–34). Harvester Press (=Harvester Studies in Development 1). Seers, D. (1979). The periphery of Europe. In D. Seers, B. Schaffer, & M.-L. Kiljunen (Eds.), Underdeveloped Europe: Studies in core-periphery relations (pp. 3–34). Harvester Press (=Harvester Studies in Development 1).
go back to reference Šitera, D. (2020). Trilema demokratického kapitalismu na východní semiperiferii Evropy. In P. Barša & M. Dokupil Škabraha (Eds.), Za hranice kapitalismu (pp. 69–92). Rybka. Šitera, D. (2020). Trilema demokratického kapitalismu na východní semiperiferii Evropy. In P. Barša & M. Dokupil Škabraha (Eds.), Za hranice kapitalismu (pp. 69–92). Rybka.
go back to reference Stockhammer, E., Durand, C., & List, L. (2016). European growth models and working class restructuring: An international post-Keynesian Political Economy perspective. Enviroment and Planning A, 48(9), 1804–1828. CrossRef Stockhammer, E., Durand, C., & List, L. (2016). European growth models and working class restructuring: An international post-Keynesian Political Economy perspective. Enviroment and Planning A, 48(9), 1804–1828. CrossRef
go back to reference Sunkel, O. (1973). Transnational capitalism and national disintegration in Latin America. Social and Economic Studies, 22(1), 132–176. Sunkel, O. (1973). Transnational capitalism and national disintegration in Latin America. Social and Economic Studies, 22(1), 132–176.
go back to reference Tóth, A. (2015). Coming to the end of the via dolorosa? The rise of selective economic nationalism in Hungary. In S. Lehndorff (Ed.), Divisive integration. The triumph of failed ideas in Europe—Revisited (pp. 233–251). ETUI. Tóth, A. (2015). Coming to the end of the via dolorosa? The rise of selective economic nationalism in Hungary. In S. Lehndorff (Ed.), Divisive integration. The triumph of failed ideas in Europe—Revisited (pp. 233–251). ETUI.
go back to reference Vaitsos, C. (1982). Transnational corporate behaviour and the enlargement. In D. Seers & C. Vaitsos with the assistance of M.-L. Kiljunen (Eds.), The second enlargement of the EEC: The integration of unequal partners. Houndmills Vaitsos, C. (1982). Transnational corporate behaviour and the enlargement. In D. Seers & C. Vaitsos with the assistance of M.-L. Kiljunen (Eds.), The second enlargement of the EEC: The integration of unequal partners. Houndmills
go back to reference Van Apeldoorn, B. (2002). Transnational capitalism and the struggle over European integration. Routledge. Van Apeldoorn, B. (2002). Transnational capitalism and the struggle over European integration. Routledge.
go back to reference Vauchez, A. (2014). Démocratiser l’Europe. Seuil. Vauchez, A. (2014). Démocratiser l’Europe. Seuil.
go back to reference Weissenbacher, R. (2007). Historical considerations of uneven development in East Central Europe. In J. Becker & R. Weissenbacher (Eds.), Dollarization, Euroization and financial instability: Central and Eastern European countries between stagnation and financial crisis? (pp. 35–83). Metropolis. Weissenbacher, R. (2007). Historical considerations of uneven development in East Central Europe. In J. Becker & R. Weissenbacher (Eds.), Dollarization, Euroization and financial instability: Central and Eastern European countries between stagnation and financial crisis? (pp. 35–83). Metropolis.
go back to reference Weissenbacher, R. (2018a). Peripheral integration and disintegration in Europe: The ‘European Dependency School’ revisited. Journal of Contemporary European Studies, 26(1), 81–98. CrossRef Weissenbacher, R. (2018a). Peripheral integration and disintegration in Europe: The ‘European Dependency School’ revisited. Journal of Contemporary European Studies, 26(1), 81–98. CrossRef
go back to reference Weissenbacher, R. (2018b). A ladder without upper rungs: On the limitations of industrial policies in TNC capitalism. The case of the European Union. Austrian Journal of Development Studies (Journal für Entwicklungspolitik), 3/4, 73–107. Weissenbacher, R. (2018b). A ladder without upper rungs: On the limitations of industrial policies in TNC capitalism. The case of the European Union. Austrian Journal of Development Studies (Journal für Entwicklungspolitik), 3/4, 73–107.
go back to reference Weissenbacher, R. (2019). The core-periphery divide in the European Union: A dependency perspective. Palgrave Macmillan. CrossRef Weissenbacher, R. (2019). The core-periphery divide in the European Union: A dependency perspective. Palgrave Macmillan. CrossRef
Metadata
Title
Mechanisms of Dependence: Conceptualizing the Latin American Dependency Research Program for the Analysis of European Capitalism
Authors
Joachim Becker
Rudy Weissenbacher
Johannes Jäger
Copyright Year
2021
DOI
https://doi.org/10.1007/978-3-030-71315-7_4

Premium Partner