It Ain’t Social, It Ain’t Capital and It Ain’t Africa Ben Fine

Based on a critical overview of the emergence and content of social capital as an analytical category and an equally critical review of its application to Africa this article concludes that social capital should, in general, be rejected rather than adopted and adapted for radical and progressive uses. ain_africa (Download the full text in PDF format)

Globalization of Capital and Terms of Trade Movements Prabhat Patnaik

This paper argues that the "liberalization" of exchange rate regimes has an independent, powerful and separate effect on the terms of trade which has its origin in the currency markets and not the goods markets. This effect arises from the secular tendency of the real values of third world currencies to fall, relative to the dominant currency in a regime of "liberalized exchange rates". globalization_capital (Download the full text in PDF format)