Contents of World Review of Political Economy, Vol. 14, No. 3, 2023
The World Review of Political Economy (WRPE), Volume 14, Issue 3, Fall 2023, is now accessible online via ScienceOpen. This latest issue features a selection of scholarly articles that apply Marxian frameworks to contemporary global challenges.
Financialization Historically Contemplated: Putting Old Wine in New Barrels Persefoni Tsaliki and Lefteris Tsoulfidis (pp. 328–356) This article situates the phenomenon of financialization within a historical materialist framework, arguing that current trends often represent the re-emergence of established capitalist dynamics under new guises.
Capital Composition and Rate of Surplus Value: Empirical Evidence for Rethinking the Value Transfers in International Trade B. Gloria Martínez and Alejandro Valle Baeza (pp. 357–385) The authors provide an empirical analysis of how differences in the organic composition of capital [1] and the rate of surplus value influence the international transfer of value. The study offers a critical perspective on unequal exchange within the global market.
A Marxian Optimal Growth Model for Economies with Minimum Subsistence Wages Satoshi Ohira and Chen Li (pp. 386–404) This paper develops a mathematical model of growth based on Marxian categories, specifically focusing on economies where wages are pinned at the level of necessary labor [2] for subsistence, providing insights into the accumulation process in developing contexts.
The Debt-Austerity Crutch: African Elite Agency in the Fourth (US) Cycle of Accumulation of Historical Capitalism Salimah Valiani (pp. 405–425) Utilizing world-systems theory and the concept of "cycles of accumulation," the author examines how African elites facilitate debt-driven austerity, serving as intermediaries within the contemporary US-dominated phase of global capitalism.
China’s Long War on Poverty Carlos Martinez (pp. 426–442) This article assesses China's poverty alleviation efforts as a long-term strategic project rooted in the development of productive forces. It highlights the transition from basic rural reforms to the targeted poverty alleviation [3] campaigns led by the CPC in the New Era.
The Social Consequences of the Global Expansion of the COVID-19 Pandemic Anatolii Arseienko and Vitalina Butkaliuk (pp. 443–477) The authors analyze the pandemic not merely as a biological event but as a crisis of the social relations of production, detailing how the expansion of the virus exacerbated existing class contradictions and social inequalities globally.