Economic imperialism

Not to be confused with Economics imperialism.

Economic imperialism is the foreign control of assets and decisions, even when such control exists in practice but not in law. It can occur in both informal, postcolonial settings as well as formal, colonial ones, and involves the one-sided transfer of capital, labour, or natural resources from one nation to another.

In 1921, French Professor Achille Viallate (1866-1943) discussed economic imperialism as a trade and finance phenomenon in terms of "imperialist expansion [...] dictated by the desire of 'the great industrial nations' to find 'outlets both for the utilization of their available capital and for the surplus of their production'."

This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.