Abstract
Rosa Luxemburg's theory of capital accumulation can be regarded as having initiated the systematic study by Marxists of underdeveloped regions. From the standpoint of these regions, however, her analysis of the capitalist and non-capitalist realms has certain deficiencies. For example, it does not reflect the logical necessity of unequal exchange between capitalist and non-capitalist areas, and discussion of non-capitalist social initiatives remains absent. Luxemburg's views have some similarities with Dependency Theory and World–System Theory. But the latter differ from her analyses in terms of their background, perspective and theoretical dynamics.
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