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

Name: Notes on the North-American Expansion in the Investment Market (1)
Brand: Vita e Pensiero
Price: 6.00 EUR
Availability: OnlineOnly

digital

Article

Magazine

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

Fausto R. Pitigliani

Publisher

Vita e Pensiero

Format

Article |

Pdf

Pages

Online from

03-2011

Issn

0035-676X (print) | 1827-7918 (digital)

€ 6.00

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Description

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.