The Structural Defects of Periphery Economies

Owing to their heavy ideological content and obvious political implications, explanations of the nature and causes of unemployment as well as of ‘underdevelopment’ have always induced heated debates among social scientists. Though history gives a rather clear answer to both questions, the influence of false appearance and the conscious or unconscious representation of vested economic or political interests have produced far more mystifying concepts, misleading ideas and sophisticated doctrines in these than in any other fields of economics.