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The Dynamics of International Exploitation

Author

Listed:
  • Cogliano, Jonathan F.
  • Veneziani, Roberto
  • Yoshihara, Naoki

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.

Suggested Citation

  • Cogliano, Jonathan F. & Veneziani, Roberto & Yoshihara, Naoki, 2022. "The Dynamics of International Exploitation," Discussion Paper Series 736, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:hituec:736
    Note: September 15, 2022
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    References listed on IDEAS

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    More about this item

    Keywords

    International exploitation; Imperialism; Unequal exchange; Uneven development; Capital movements;
    All these keywords.

    JEL classification:

    • F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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