After reading the assigned chapters, please answer the questions below:
identify the effects of what Moody defined as a process of “universalizing capitalism.” (p.42)
Briefly explain the following statement, “Thus, the twin motors of competition (as in warfare) and crisis (particularly in the rate of profit) drive capital abroad in search of lower production costs that, it is hoped, will improve returns on investment.” (p.46)
What was, as Moody argued, the impact of uneven global income distribution and development? (pp.54-55)
How did, according to Moody, “the increased dependence on infrastructure and producer-service industries” influence the process of global wealth accumulation? (p.58)
