Crisis in the World Economy

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Crisis in the World Economy

By Andre Gunder Frank
Holmes & Meier, 1980
366 pp. $28.50

The crisis in the capitalist world is diagnosed in old-fashioned Marxist terms, and then the Soviet Union, its allies, and China are condemned for easing the situation by their increasing participation in the international economy. The ruling classes of the developing countries in Professor Frank's view have turned the struggle for a New International Economic Order into bargaining about the terms of admission. All development strategies including self-reliance have proven bankrupt. The core passages, once found, are clear and concise, but the "documentation" is wordy and full of long quotations.

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