International records / OpenAlex research

Integrating social formations into the world economy: The cases of Indonesia and Nigeria.

The present study provides a framework which accounts for diverging patterns of development among economies of the "periphery". Economic development is viewed as the conversion of surplus into productive investment. The integration of developing social formations is based on the presence of a world competitive sector that generates surplus through export earnings. The state apparatus is responsible for creating favorable conditions for national economic development by establishing domestic distributive channels that permit surplus to be utilized productively. Differences in patterns of economi…