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Value Capture through Global Production Network and Financialisation
Contours of Value Capture: India’s Neoliberal Path of Industrial Development by Satyaki Roy, Cambridge: Cambridge University Press, 2020;
pp xiv + 202, `895.
The book under review attempts to demystify, on the one hand, the policy binaries of state—or market-led economic development—manufacturing versus services to achieve economic growth, the direction of capital flow towards the real economy or for speculative purpose in the financial markets, to name a few. On the other hand, it proposes an alternative framework to study the process of value capture, which is essentially located within the realm of the Marxian theory of capital accumulation, of “value capture.” In Satyaki Roy’s own words, “the lens of value capture might add another crucial dimension in comprehending contemporary realities of industrial development” (p 5).
Process of Capitalist Development
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