During the early colonial period, underdeveloped regions of the world remained on the periphery of the international trade system, providing European powers with primary goods and minerals. Toward the end of the 19th century, capitalist countries used trade to spread capitalism into their colonies. Lenin attempted to account for the necessity of states with excess finance to take colonies in order to postpone revolution at home. The ''soft'' power of finance as much as the ''hard'' power of military conquest helped to generate empires of dependency and exploitation.
Sayfa 133 - pearson new international edition