The Changing Face of Imperialism: Colonialism to Contemporary Capitalism, 1st Edition (Hardback) book cover

The Changing Face of Imperialism

Colonialism to Contemporary Capitalism, 1st Edition

Edited by Sunanda Sen, Maria Cristina Marcuzzo

Routledge India

338 pages | 35 B/W Illus.

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This volume reiterates the relevance of imperialism in the present, as a continuous arrangement, from the early years of empire-colonies to the prevailing pattern of expropriation across the globe. While imperialism as an arrangement of exploitation has sustained over ages, measures deployed to achieve the goals have gone through variations, depending on the network of the prevailing power structure. Providing a historical as well as a conceptual account of imperialism in its ‘classical’ context, this collection brings to the fore an underlying unity which runs across the diverse pattern of imperialist order over time. Dealing with theory, the past and the contemporary, the study concludes by delving into the current conjuncture in Latin America, the United States and Asia.

The Changing Face of Imperialism will provide fresh ideas for future research into the shifting patterns of expropriation – spanning the early years of sea-borne plunder and the empire-colonies of nineteenth-century to contemporary capitalism, which is rooted in neoliberalism, globalization and free market ideology.

With contributions from major experts in the field, this book will be a significant intervention. It will be of interest to scholars and researchers of economics, politics, sociology and history, especially those dealing with imperial history and colonialism.


The Changing Face of Imperialism combines the analyses from a set of most competent Indian thinkers. An enlightening collection which simultaneously reminds the reader of the continuities of that major facet of capitalism through the successive phases of its global deployment and gives its full importance to the changes associated with the dominance of contemporary finance capital. An essential reading to understand the challenges of our time.’

Samir Amin, Director, Third World Forum, Dakar and former Director, Institut Africain de Développement Économique et de Planification (IDEP) and Professor at the Universities of Poitiers, Dakar and Paris

‘A very timely volume which going against the current forcefully reminds us that imperialist surplus appropriation continues to occur in the contemporary world though formal colonies are long gone. The authors of this volume are globally renowned specialists in their respective areas and the volume has successfully brought them together to make an important common point.’

Aditya Mukherjee, Professor of Modern History, Jawaharlal Nehru University, New Delhi, India

Table of Contents


Sunanda Sen and Maria Cristina Marcuzzo

Part I: The Conceptual Basis of Imperialism

  1. Imperialism 'Old' and the 'New': Departures and Continuities
  2. Satyaki Roy

  3. Marx's Capital and the Global Crisis
  4. John Smith

  5. Reflections on Contemporary Imperialism
  6. Prabhat Patnaik

  7. The Particularity of Imperialism in the Stage of Neoliberal Globalisation and Global Capitalism: A Dialogue between Nikolai Bukharin and Aimé Césaire
  8. Anjan Chakrabarti

  9. Is Imperialism a Relevant Concept in Today’s World?
  10. Subhanil Chowdhury

    Part II: Patterns of Contemporary Imperialism

  11. Latin American in the New International Order: New Forms of Economic Organisations and Old Forms of Surplus Appropriation
  12. Noemi Levy Orlik

  13. Latin America and Imperialism
  14. Amiya Kumar Bagchi

  15. Did U. S. Workers Gain from U. S. Imperialism (1985–2000)?
  16. Gerald Epstein

    Part III: Imperialism and the Colonial Context

  17. India’s Global Trade And Britain’s International Dominance
  18. Utsa Patnaik

  19. Unrequited Exports of Labour from India in Late 19th and early 20th centuries: Britain’s Financial Interest in Plantation Colonies
  20. Sunanda Sen

  21. Labour Laws and the Global Economy: the Discourse of Labour Control and Welfare in India, 1919–47
  22. Sabyasachi Bhattacharya

    Part IV: Contemporary Capitalism and the Indian Economy

  23. Financialisation in Contemporary Capitalism: an Inter-sectoral approach to Trace Sources of Instability in Finance, Real Estate and Business Services in India
  24. Sukanya Bose and Abhishek Kumar

  25. Contemporary Imperialism and Labour: an Analytical Note
  26. Byasdeb Dasgupta

  27. ‘Emerging' Third World Capitalism and the New Imperialism: the Case of India

Surajit Mazumdar

About the Editors

Sunanda Sen is former Professor of Economics, Jawaharlal Nehru University, New Delhi, India. She researches contemporary capitalism, international finance, economic history and development. Her publications include over 70 articles in reputed journals and ten books, including Dominant Finance and Stagnant Economy (2014), Globalisation and Development (2008, 2013)and Unfreedom and Waged Work (with Byasdeb Dasgupta, 2009).

Maria Cristina Marcuzzo is Professor of Economics, University of Rome, ‘La Sapienza’, Italy, and Fellow of the Italian Academy of Lincei. She has worked on classical monetary theory, the Cambridge School of Economics, Keynesian economics and, more recently, on Keynes's investments in financial markets. She has published about 100 articles in journals and books, and authored/edited 20 volumes.

Subject Categories

BISAC Subject Codes/Headings:
BUSINESS & ECONOMICS / Economic History
HISTORY / General
HISTORY / Modern / General
SOCIAL SCIENCE / Ethnic Studies / General
SOCIAL SCIENCE / Sociology / General