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The dynamics of international exploitation

2024/03/06 by Jonathan F. Cogliano, Roberto Veneziani, Naoki Yoshihara · 1 voice
Economics, Econometrics and Finance · Social Sciences · #Asian Industrial and Economic Development #Global trade and economics #Indian Economic and Social Development

paper · pdf · doi:10.1177/0308518x231224618

openalex publication_date 2024/03/06 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/09

Abstract

This paper develops a framework to analyse imperialistic international relations (IIR) and the dynamics of international exploitation. A new exploitation index is proposed which captures the territorial structure of IIR: 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 innovations, are shown to be essential in explaining its persistence.

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