The Dynamics of International Exploitation
Roberto Veneziani and
No 726, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University
This paper develops a theoretical and computational framework to analyse imperialistic international relations and the dynamics of international exploitation. A new measure of unequal exchange across borders - an exploitation intensity index - is proposed which can be used to characterise the structure of imperialistic international relations in the current global economy. It is shown that wealthy nations are net lenders and exploiters, whereas endowment-poor countries are net borrowers and suer from exploitation. Capital ows transfer surplus from countries in the core of the global economy to those in the periphery. However, while international credit markets and wealth inequalities are sucient to generate unequal exchange, they are proved to be insucient for it to persist. Various possible factors are considered, including technical change and varying social norms, that may explain the persistence of international inequalities.
Keywords: International exploitation; imperialism; capital movements; technical change (search for similar items in EconPapers)
JEL-codes: B51 C63 D63 F21 F54 (search for similar items in EconPapers)
Pages: 32 pages
New Economics Papers: this item is included in nep-hme, nep-int and nep-isf
Note: August 7, 2021
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Working Paper: The Dynamics of International Exploitation (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:726
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