The Question of Imperialism: The Political Economy of Dominance and Dependence

The Question of Imperialism: The Political Economy of Dominance and Dependence

The Question of Imperialism: The Political Economy of Dominance and Dependence

The Question of Imperialism: The Political Economy of Dominance and Dependence

Excerpt

This book is about the relations between rich and poor countries. Specifically, it is about the problem of how to explain the relations between rich and poor countries. The focus is on one particular word which, according to many, explains it all— imperialism.

In recent years as a teacher of international economics, I have found that many of my students have been becoming increasingly reluctant to accept at face value the traditional analysis which I myself learned just a few years ago. Not for this newer generation the hoary tenets of capitalism. Not for them the conventional wisdom of comparative advantage and free trade, derived from the writings of Adam Smith and David Ricardo, John Stuart Mill and John Maynard Keynes. What they wanted was a newer, more unconventional wisdom distilled from the likes of Marx, Lenin, and Mao Tse-tung. What they wanted was a political economy of international economics, not mere technical jargon or dry supply and demand curves. They demanded: What about the role of politics in international economics? What about the part that power plays in the relations . . .

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