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"Well, imperialism is the stage of capitalism where you no longer export products, you export capital".
Only Britain and France were capital-exporting countries in 1880, and in years to come their investors preferred to export capital to other European countries (especially Russia) or the Western Hemisphere rather than to their own colonies.
Richer countries should export capital to poorer ones, not the other way round.
China should export capital to South-East Asian countries to strengthen their economies.
Having experienced the current crisis, emerging nations may redouble their determination to export capital and another bubble could be inflated.
"So it makes a lot of sense to export capital, especially when you have an aging population," he said.
Similar(47)
According to the theory, therefore, the United States should export capital-intensive goods and import labour-intensive ones.
Accordingly, the Heckscher-Ohlin theory predicts that Luxembourg will export capital-intensive products to India and import labour-intensive products in return.
At such times in the past, exporters have understated export revenues as a way of exporting capital illicitly.
The United Arab Emirates remains the main re-export capital for Iran because of its free-wheeling business environment and the countries' long-standing economic ties.
However, this need not mean that these countries stop exporting capital.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com