Economics of Imperialism

Analysis of how the world economy works

Tuesday, 22 October 2019

British Workers

As we wait impatiently while the Brits go through the interminable travail of Brexit, let us have a look at who they are. Not directly in ...

Monday, 7 October 2019

FX & Imperialism

What affects the exchange rate of a country’s currency? The answer depends on where that country stands in the world economy. Not simply b...

Wednesday, 25 September 2019

Labour, Imperialism & Finance

Following are slides for my presentation on a panel at ‘The World Transformed’ conference in Brighton on Monday 23 September. It was wel...

Tuesday, 17 September 2019

Index of Power Update, 2018-19: China #2

[ Note added 14 September 2021: An update to the Index of Power, with some improvements to data, especially that of using total foreign inv...

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About Me

Tony Norfield: I use the term ‘imperialism’ in the classical sense to describe the system of domination in the capitalist world economy. Liberal commentary is more open these days to some notion of imperialism. But usually it is another country that is being imperialist, especially the US, and not the home country. The focus on the US is understandable, but ignores the role that a number of other countries play in the system, not least the UK. If we uncover this too, we will get a better analysis of what is really going on in the world. I am based in London and my academic training is in economics and mathematics. I worked for 8 years as an economic consultant, and for close to 20 years in bank dealing rooms in the City, latterly as Executive Director in charge of analysing global FX markets for a major European bank. I have travelled to some 40 countries on business. At present I am researching imperialism and the world economy. I want this blog to generate informed debate & discussion. Comments are welcome. Nobody has all the answers; anyone can make mistakes. But that is no excuse for being an idiot and not seeking the truth.

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