Subordination and Development

This book provides an analysis of the impact of subordination in the major EMEs. Distinct from 'dependence' under official aid till 1970s, subordination prevailed over developing nations with liberalization of capital-flows by the 1990s when markets used as agents for overseas capital for extracting surpluses.

Sunanda Sen is a former professor of Jawaharlal Nehru University, NewDelhi. Her recent publications include The Changing Face of Imperialism (co-edited, Routledge 2018) and Dominant Finance and Stagnant Economies (Oxford University Press 2014).