ABSTRACT
This chapter limited to the purely economic aspects of imperial and foreign policy—The possibilities of developing Empire trade—And migration—Gains and losses of Empire—The exploitation of native labour—British and native capitalists—British policy in Africa—Impossibility of withdrawal from imperial commitments—Great Britain and the Dominions—Investment of capital within the Empire—Bulk purchase of imperial products—The case against tariff preference—Forms of preference without a tariff—Should the Dominions grant tariff preference?—Trade relations with the non-self-governing territories of the Empire—Case against planter-control—The Empire Marketing Board and its work—Need for its development—Desirability of pooling the world's economic research—Is 'Imperialism' the enemy?—Modern growth of Empires—Need for a change of policy designed to put native interests first—The problem of 'mandated' areas—The League of Nations in relation to nonself-governing peoples—Economic functions of the League—Disarmament —The International Labour Organisation—The International Economic Conference of 1927—The lowering of barriers to international trade—The growth of international capitalist combination prepares the way for international State control—Need for international action to raise the standard of life—Great Britain's interest in this—The Russian problem—Case for full recognition—China—Imperialism as a cause of war—The rights and duties of Britain as an imperial power—Why the British Empire should not be broken up.
