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Globalization and the State: The Political Economy of Global Accumulation and Its Emerging Mode of Regulation Science & Society, Summer 1998 THE INTERNATIONAL CAPITALIST ECONOMY IS undergoing a process of fundamental transformations, in both its structure and its institutional/regulatory counterparts. This paper is an inquiry into the underlying causes of some of the institutional changes, and their interrelations with structural transformations. I contend that recent < Continue.. Industrialization and Developing Countries' Indebtedness: a theoretical and empirical analysis International Review of Applied Economics, Vol. 11, No. 1, 1997 1. Introduction The following paper is a theoretical and empirical study of the determinants of the accumulation of external debt by developing countries. I present a Marxian framework for the analysis of external indebtedness based on the Theory of the Internationalization of Capital (Palloix, 1977; Continue.. An Empirical Investigation of Exports, Development, and Growth in Developing Countries: Challenging the Neoclassical Theory of Export-Led Growth World Development, Vol. 22, No. 12, 1994. Summary. This paper challenges the results of the empirical literature in support of the neoclassical theory of export-led growth and provides a theoretical and empirical alternative. We applied cross-section and time-series regression analysis to test the neoclassical hypothesis that exports lead to superior economic performance (higher growth o Continue.. © Yaghmaian 2007