Review: International Economics: Free Trade and Frustration
| Date | 01 December 1974 |
| Published date | 01 December 1974 |
| DOI | 10.1177/002070207402900415 |
| Author | Richard L. Rudolph |
| Subject Matter | Review |
658
INTERNATIONAL
JOURNAL
powers.
A
useful
addition
is
the
brief
discussion
on
the
process
of
,sub-imperialism,' the
expansion
of
existing
overseas
European
ter-
ritories. Here
it
would
be of
interest
to
learn
more
of
the
conflicts
or
unanimity,
between
the
mother
country
and
the
territories.
Sydney
and
Melbourne,
for
example,
had
a
more
jaundiced
view
than
Lon-
don
of
German
penetration
into
the
Pacific.
New
Guinea
may
have
been
the
'far
east'
to
Britain;
it
is
the
'near
north'
to
Australia.
The
case
studies
are
preceded
by
an
outline
of
current
explana-
tions of
imperialism.
The
discussion
on the
imperialism
of
trade
would
have
gained from
a
closer
analysis
of
trade
statistics, such
as
Mr
Fieldhouse
in
fact
undertook
in
his
study
of
capital
investment.
He
shows,
correctly,
that
for
none
of
the
principals,
Britain,
France,
and
Germany, did investment
in
the
newly
annexed
territories
repre-
sent
a
significant
proportion
of
their
total
external
investment.
A
similar
analysis
of
inter-imperial
trade
between
the
same
territories
and
the
mother
country
would
have
attested
the relative
unimportance
of
such
trade
in
the
imperial
economies.
The
fundamental
question
Mr
Fieldhouse
puts
to
the
evidence
in
the concluding
section
seeks
to
determine whether
the
territories
were
acquired
because
European
economic
interests made
it
neces-
sary
'to
govern
as
well
as
to
trade or
invest
in
them.'
Given
the
disparate
nature
of
the
territories,
and
of
the problems
and
interests
associated
with them,
it
is
scarcely
surprising
that
the
answer
should
prove
to
be
diffuse
and
qualified.
The
elusiveness
of
an
unequivocal
answer, however,
derives
from
the
subject
itself,
not
from
any
failings
in
this
important
contribution.
Kevin
H.
Burley/University
of
Western
Ontario
FREE
TRADE
AND
FRUSTRATION
Anglo-Austrian
Negotiations
1860-70
Karl
F.
Helleiner
Toronto:
University
of
Toronto
Press,
1973,
viii,
152pp,
$12.50
This
monograph
is
a
concise
but
very
detailed description
of
the
steps
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