The predatory double monetary circuit: the costs of full integration into the multinational financial and productive system

Abstract

The author's previous developments in the theory of the monetary circuit have established an important reference point in discussions regarding the financial system. Now the same author widens this theory to analyze its impacts on the economies of emerging countries. The effects of the double circuit are developed through arguments that maintain a narrow and important relationship between production spaces and profit realization spaces. It is precisely within this relationship that negative impacts are created in emerging economies. Likewise, this collaboration puts forth several strategies that could offer ways to overcome such negative effects.