ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Accumulation, Poverty and State in Third World-Capital/Pre-Capital Complex

The theme of this note is bourgeois hegemony in contemporary third world countries. The focus is on one particular expression of bourgeois ideology, namely, the concept of economic development. In recent times, there has been a critique of the traditional accumulation-based approach from within bourgeois discourse and an alternative consumption-based approach has been suggested. This dual approach to economic development reflects capital's attempt to incorporate pre-capitaI within the ambit of its ideology It is argued that an extension of the Gramscian framework is necessary in order to capture the nature of hegemony in contemporary third world countries.

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