The Palgrave Encyclopedia of Imperialism and Anti-Imperialism

Living Edition
| Editors: Immanuel Ness, Zak Cope

Chile, Globalization, and Imperialism

  • Jose Miguel AhumadaEmail author
  • Miguel Torres
Living reference work entry

Introduction: Imperialism, Free Trade, and Latin America

One of the characteristics of modern capitalism is its global scale. This has implied that capital accumulation positions the different political units in the international system in an economic hierarchy where some units control the main productive and military forces, while others are constituted as dependent economies and specialized in areas of less dynamism and technological content. That international division of labor has resulted in a growing inequality in the distribution of income and power among nations and among the classes within each nation (Hickel 2017).

That dynamic does not function spontaneously. On the contrary, the accumulation and circulation of capital on a global scale require a set of institutions and rules that ensure its operation. These rules focus both on building markets where they did not exist before (what Harvey (2005) defined as “accumulation by dispossession”) and on securing preservation of...

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Copyright information

© The Author(s), under exclusive licence to Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Institute of International StudiesUniversity of ChileSantiagoChile
  2. 2.Economic Commission for Latin America and the Caribbean (ECLAC)SantiagoChile