Journal ArticleDOI
Growth, capital accumulation and economic porosity in Mozambique: social losses, private gains
TLDR
The dominant political economy of Mozambique is focused on three fundamental and interlinked processes, namely the maximisation of inflows of foreign capital without political conditionality, the development of linkages between these capital inflows and the domestic process of accumulation and the formation of national capitalist classes; and the reproduction of a labour system in which the workforce is remunerated at below its social cost of subsistence and families have to bear the responsibility for maintaining (especially feeding) the wage-earning workers by complementing their wages or trying to maintain... as discussed by the authors.Abstract:
The Mozambican economy has been growing at an annual average of 7.5% for the best part of two decades, and has become one of the three most attractive economies for foreign direct investment (FDI) in sub-Saharan Africa. Yet, it has been ineffective and inefficient at reducing poverty and providing a broader social and economic basis for development. It is argued here that the dominant political economy of Mozambique is focused on three fundamental and interlinked processes, namely the maximisation of inflows of foreign capital – FDI or commercial loans – without political conditionality; the development of linkages between these capital inflows and the domestic process of accumulation and the formation of national capitalist classes; and the reproduction of a labour system in which the workforce is remunerated at below its social cost of subsistence and families have to bear the responsibility for maintaining (especially feeding) the wage-earning workers by complementing their wages or trying to maintain ...read more
Citations
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The Accumulation of Capital
TL;DR: In this paper, the authors describe the experience of walking through a department store and being amazed at the many different articles we see there, one counter after another filled with this, that, and the other thing-some useful, some of little or no use.
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Urban Energy Landscapes
TL;DR: In this paper, the authors argue that the urban energy transition depends on specific urban trajectories and heterogeneous urban energy landscapes, reflecting both strategic projects of urbanization and people's dwelling practices.
Journal ArticleDOI
Imagining Booms and Busts: Conflicting Temporalities and the Extraction-"Development" nexus in Mozambique
TL;DR: In this article, the authors present three sets of divergent and competing understandings of temporalities in relation to the extractive industry in Mozambique, in order to explore the dynamics of power within expectations of "development" raised by extractive mega projects.
Political Parties for Protection and Profit: Explaining Opposition Party Competition under Electoral Authoritarianism
TL;DR: In this article, the authors propose a novel approach to solve the problem of homonymity in homophily, called homophychophysphychosophymy.
References
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Book
Capital; A Critique of Political Economy
TL;DR: In the third volume of "Das Kapital" as discussed by the authors, Marx argues that any market economy is inevitably doomed to endure a series of worsening, explosive crises leading finally to complete collapse.
Book
Imperialism, the Highest Stage of Capitalism
TL;DR: The historical and political context of the work as discussed by the authors is important to understand the significance of the author's work and to arm the working class to fight the brutal imperialist war in World War I.
Book
The Accumulation of Capital
TL;DR: The Routledge Classics edition by Tadeusz Kowalik Translator's Note A Note on Rosa Luxemburg Introduction Part 1: The Problem of Reproduction Part 2: Historical Exposition of the Problem Part 3: The Historical Conditions of Accumulation Index as mentioned in this paper
Journal ArticleDOI
The Accumulation of Capital
TL;DR: In this paper, the authors describe the experience of walking through a department store and being amazed at the many different articles we see there, one counter after another filled with this, that, and the other thing-some useful, some of little or no use.