ABSTRACT
The author recalls the development theory to illustrate the notable differences between the patterns and results of capitalist accumulation in central and peripheral regions. While in the former the result was an increase in wages and quality of life, he concludes that in the peripheral regions there has been an upsurge in social inequalities and patterns of domination, in order to, based on these reflections, establish the concept of underdevelopment and reflect ways of overcoming it.
KEYWORDS:
Theory of economic development; underdevelopment; core and periphery