Giovanni Arrighi's systemic cycles of accumulation consist of two phases in each cycle. These are:

Name: Giovanni Arrighi's systemic cycles of accumulation consist of two phases in each cycle. These are:
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Giovanni Arrighi's systemic cycles of accumulation theory posits that each cycle comprises two main phases: a material expansion phase, where the focus is on production and commerce, and a financial expansion phase, where the emphasis shifts to financial activities and speculation.

Giovanni Arrighi's Systemic Cycles of Accumulation Consist of Two Phases