Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/284292 
Year of Publication: 
2022
Series/Report no.: 
Working Paper No. 942
Publisher: 
Queen Mary University of London, School of Economics and Finance, London
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.
Subjects: 
International exploitation
Imperialism
Unequal exchange
Uneven development
Capital movements
JEL: 
F54
B51
D63
Document Type: 
Working Paper

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