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Notes on the North-American Expansion in the Investment Market (1)

digital Notes on the North-American Expansion in the Investment Market (1)
Article
journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2011 - 3-4
title Notes on the North-American Expansion in the Investment Market (1)
author
publisher Vita e Pensiero
format Article | Pdf
online since 2011
issn 0035-676X (print) | 1827-7918 (digital)
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The article is about the phenomenon of investment expansion in the U.S. and it is the first part of a wider work the author completed with a second article. Here Pitigliani examines the most recent versions of the classical theory of international trade, focusing on the effects of foreign loans on the balance of payments, on exchange rates and interest rates differentials. The last are depicted as the main factor fostering the attainment of balance-of-payments equilibrium. Protectionist arguments against foreign lending are compared to liberal arguments with the balance clearly in favor of the latter.

Key words: U.S. capitalist expansion; capital flows.

JEL Classification: B2, B26, F5.

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