caa a22 4500 38631246X CHVBK 20180307111553.0 cr unu---uuuuu 161130s1988 xx s 000 0 eng 10.1017/S0020818300032847 doi S0020818300032847 pii (NATIONALLICENCE)cambridge-10.1017/S0020818300032847 Hegemony, imperialism, and the profitability of foreign investments [Elektronische Daten] Socialists at the turn of the century explained modern imperialism as an attempt to escape the crisis of monopoly capitalism. "Super-profits” that could be secured in the periphery, according to Lenin, were necessary to offset declining rates of return in the advanced economies. Today, radical theorists stress the role of the multinational corporations in accounting for neocolonialism. If great national power does produce material benefits for foreign investors, this should be apparent in two cases: the experience of British capitalists in the "high age of imperialism," 1870-1913, and the operations of U.S. multinational corporations abroad after World War II. But rates of return on foreign investments have not been significantly different in the developed and less developed regions of the world—a finding that is relevant not only for theories of imperialism but also for understanding development and modernization, the operation of the multinational corporation, and international capital markets. Copyright © The IO Foundation 1988 Oneal John R. Visiting Assistant Professor of Political Science at McGill University, Montreal. Oneal Frances H. Candidate in the Department of Political Science at Vanderbilt University, Nashville, Tennessee. International Organization Cambridge University Press 42/2(1988), 347-373 0020-8183 42:2<347 1988 42 INO https://doi.org/10.1017/S0020818300032847 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1017/S0020818300032847 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Oneal John R. Visiting Assistant Professor of Political Science at McGill University, Montreal NATIONALLICENCE 700 1- Oneal Frances H. Candidate in the Department of Political Science at Vanderbilt University, Nashville, Tennessee NATIONALLICENCE 773 0- International Organization Cambridge University Press 42/2(1988), 347-373 0020-8183 42:2<347 1988 42 INO CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge