The Dynamics of International Exploitation

Jonathan Cogliano, Roberto Veneziani and Naoki Yoshihara ()

No 942, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: Abstract: This paper develops a framework to analyse imperialistic international relations and the dynamics of international exploitation. A new measure of unequal exchange across borders is proposed which captures the territorial structure of imperialistic international relations: wealthy nations are net lenders and exploiters, whereas endowment-poor countries are net borrowers and exploited. Capital flows transfer surplus from countries in the periphery of the global economy to those in the core. However, while international credit markets and wealth inequalities are central in generating international exploitation, other factors, including labour-saving technical change, are shown to be essential in explaining its persistence.

Keywords: International exploitation; Imperialism; Unequal exchange; Uneven development; Capital movements. (search for similar items in EconPapers)
JEL-codes: B51 D63 F54 (search for similar items in EconPapers)
Date: 2022-09-15
New Economics Papers: this item is included in nep-des, nep-hme, nep-int, nep-mac, nep-opm and nep-pke
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https://www.qmul.ac.uk/sef/media/econ/research/workingpapers/2022/wp942.pdf (application/pdf)

Related works:
Journal Article: The dynamics of international exploitation (2024)
Working Paper: The Dynamics of International Exploitation (2022)
Working Paper: The Dynamics of International Exploitation (2021)
Working Paper: The Dynamics of International Exploitation (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:942

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