Uneven Development through Profit Repatriation: How Capitalism's Class and Geographical Antagonisms Intertwine

IF 3.6 1区 社会学 Q1 GEOGRAPHY
Antipode Pub Date : 2024-08-12 DOI:10.1111/anti.13089
Christof Parnreiter, Laszlo Steinwärder, Klara Kolhoff
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引用次数: 0

Abstract

This article provides the first comprehensive empirical analysis of global profit repatriation as a mechanism of uneven development, thereby challenging the development model of Foreign Direct Investment. Between 2005 and 2020, transnational corporations repatriated an annual average of one trillion USD, corresponding each year to 4.2% of the global FDI stock. Net profit flows take on a centripetal form: the biggest net losers are middle-income countries such as the Russian Federation, Brazil, and Nigeria; the winners are a few high-income countries, above all the United States. By analysing the impact of profit repatriation on accumulation dynamics in net profit exporting and importing countries, and by examining the exploitative conditions under which profits are generated in the former, we situate our findings in current theoretical debates on uneven development and geographical transfer of value, as well as on the intertwining of capitalism's class and geographical antagonisms.

Abstract Image

通过利润回流实现不均衡发展:资本主义的阶级对立和地域对立如何交织在一起
本文首次对全球利润汇回作为一种不均衡发展机制进行了全面的实证分析,从而对外国直接投资的发展模式提出了挑战。2005 至 2020 年间,跨国公司年均汇回 1 万亿美元,相当于每年全球外国直接投资存量的 4.2%。净利润流动呈现向心形式:最大的净输家是中等收入国家,如俄罗斯联邦、巴西和尼日利亚;赢家是少数几个高收入国家,首先是美国。通过分析利润回流对净利润出口国和进口国积累动态的影响,以及研究前者产生利润的剥削条件,我们将研究结果与当前关于发展不平衡和价值地域转移以及资本主义阶级和地域对立交织的理论辩论相结合。
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来源期刊
Antipode
Antipode GEOGRAPHY-
CiteScore
9.50
自引率
10.00%
发文量
111
期刊介绍: Antipode has published dissenting scholarship that explores and utilizes key geographical ideas like space, scale, place, borders and landscape. It aims to challenge dominant and orthodox views of the world through debate, scholarship and politically-committed research, creating new spaces and envisioning new futures. Antipode welcomes the infusion of new ideas and the shaking up of old positions, without being committed to just one view of radical analysis or politics.
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