Transferring Wealth from Underdeveloped to Developed Countries via Direct Foreign Investment: Comment

In the 1950s and early 1960s a number of economists, Marxist and otherwise, discovered a "suction pump" relationship between developed and underdeveloped countries. The industrialized nations, they claimed, were drawing more income and resources out of the poorer countries than they were p...

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Bibliographic Details
Published in:Southern economic journal 1971-07, Vol.38 (1), p.118-121
Main Author: Du Boff, Richard B.
Format: Article
Language:English
Subjects:
Communications
Developed countries
Economic analysis
Economic profit
Economists
Foreign investment
Foreign investments
Host country
Industrialized nations
Investment income
Investment return rates
Marxian economics
Political economy
Political power
Profits
Pumps
Rates of return
Repatriation
Surgical suction
Wealth
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Description
Summary:In the 1950s and early 1960s a number of economists, Marxist and otherwise, discovered a "suction pump" relationship between developed and underdeveloped countries. The industrialized nations, they claimed, were drawing more income and resources out of the poorer countries than they were putting in through their investments...
ISSN:0038-4038
2325-8012
DOI:10.2307/1056082