The Dialectics of Labor and Capital: A Marxist Analysis of Regional Economics and Management Practices in the Era of Globalization and Its Implications for Social Inequality
DOI:
https://doi.org/10.6918/IJOSSER.202501_8(1).0024Keywords:
Labor and capital, Regional economy, Globalization, Marxism, Inequality.Abstract
The relationship between labor and capital has undergone significant changes under the profound influence of globalization, creating a complex dialectical dynamic. The enhanced global mobility of capital has accelerated capital accumulation while exacerbating labor exploitation, widening income disparities, and deepening social inequalities. The imbalance between labor and capital is particularly pronounced in regional economies and management practices, profoundly shaping regional development paths and posing significant challenges to social equity and sustainable development. This study, grounded in the Marxist dialectical framework, systematically examines the evolution of labor-capital relations in the context of globalization, exploring its manifestations in regional economic and management practices and its implications for social inequality. Using methods such as literature review, case studies, and data modeling, this study analyzes the issues from both theoretical and practical perspectives. The findings reveal that in capital-dominated regional economic models, the value of labor is marginalized, resulting in the erosion of labor rights and unequal wealth distribution. Furthermore, capital-first strategies in management practices amplify these inequalities. To address these challenges, the study proposes a set of policy recommendations focused on labor value redistribution, emphasizing the importance of collaborative efforts among governments, enterprises, and society to balance labor-capital relations, achieve inclusive regional economic growth, and promote social equity.
Downloads
References
[1] Harvey, D. (2005). A Brief History of Neoliberalism. Oxford University Press.
[2] Marx, K. (1867). Capital: A Critique of Political Economy, Volume I. Penguin Classics (Modern Edition).
[3] Piketty, T. (2014). Capital in the Twenty-First Century. Harvard University Press.
[4] Sassen, S. (2001). The Global City: New York, London, Tokyo. Princeton University Press.
[5] Stiglitz, J. E. (2002). Globalization and Its Discontents. W.W. Norton & Company.
[6] Wallerstein, I. (1974). The Modern World-System I: Capitalist Agriculture and the Origins of the European World-Economy in the Sixteenth Century. Academic Press.
[7] Harvey, D. (2001). Spaces of Capital: Towards a Critical Geography. Routledge.
[8] Dicken, P. (2015). Global Shift: Mapping the Changing Contours of the World Economy. Sage Publications.
[9] Brenner, N., & Theodore, N. (2002). Spaces of Neoliberalism: Urban Restructuring in North America and Western Europe. Wiley-Blackwell.
[10] Smith, A. (2015). Economic Development and the Globalization of Production. Routledge.
[11] Amin, S. (1976). Unequal Development: An Essay on the Social Formations of Peripheral Capitalism. Monthly Review Press.
[12] Luxemburg, R. (1913). The Accumulation of Capital. Monthly Review Press (Modern Edition).
[13] Fine, B., & Saad-Filho, A. (2016). Marx’s Capital. Pluto Press.
[14] Robinson, W. I. (2004). A Theory of Global Capitalism: Production, Class, and State in a Transnational World. Johns Hopkins University Press.
[15] Hardt, M., & Negri, A. (2000). Empire. Harvard University Press.
[16] Harvey, D. (2010). The Enigma of Capital and the Crises of Capitalism. Profile Books.
[17] Peck, J. (2012). Austerity Urbanism: American Cities under Extreme Economy. City, 16(6), 626-655.
[18] Castells, M. (2010). The Rise of the Network Society. Wiley-Blackwell.
[19] Burawoy, M. (1979). Manufacturing Consent: Changes in the Labor Process Under Monopoly Capitalism. University of Chicago Press.
[20] Wright, E. O. (2010). Envisioning Real Utopias. Verso Books.
[21] Gramsci, A. (1971). Selections from the Prison Notebooks. International Publishers.
[22] Harvey, D. (1989). The Condition of Postmodernity: An Enquiry into the Origins of Cultural Change. Blackwell.
[23] Huws, U. (2014). Labor in the Global Digital Economy: The Cybertariat Comes of Age. Monthly Review Press.
[24] Appadurai, A. (1996). Modernity at Large: Cultural Dimensions of Globalization. University of Minnesota Press.
[25] Sen, A. (1999). Development as Freedom. Oxford University Press.
[26] Acemoglu, D., & Robinson, J. A. (2006). Economic Backwardness in Political Perspective. American Political Science Review, 100(1), 115–131.
[27] Stiglitz, J. E. (2011). Rethinking Development Economics. The World Bank Research Observer, 26(2), 230–236.
[28] Krugman, P. (1991). Increasing Returns and Economic Geography. Journal of Political Economy, 99(3), 483–499.
[29] Piketty, T., & Saez, E. (2014). Inequality in the Long Run. Science, 344(6186), 838–843.
[30] Harvey, D. (2007). Neoliberalism as Creative Destruction. Annals of the American Academy of Political and Social Science, 610(1), 22–44.
[31] Rodrik, D. (2018). Populism and the Economics of Globalization. Journal of International Business Policy, 1(1), 12–33.
[32] Ostrom, E. (2009). Beyond Markets and States: Polycentric Governance of Complex Economic Systems. American Economic Review, 100(3), 641–672.
[33] Friedman, M. (1970). The Social Responsibility of Business is to Increase its Profits. The New York Times Magazine, September 13.
[34] Sachs, J. D. (2005). The End of Poverty: Economic Possibilities for Our Time. European Journal of Development Research, 17(4), 663–664.
[35] Sen, A. (1980). Equality of What? In The Tanner Lectures on Human Values. Cambridge University Press.
Downloads
Published
Issue
Section
License
Copyright (c) 2024 International Journal of Social Science and Education Research
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
How to Cite
