An Analysis on the Relationship between the Structure of Foreign Trade and the Rate of Profit

초록

In general, the rate of profit is determined by two major parameters, the rate of surplus value and the organic composition of capital. Theoretically, the rate of profit is positively related to the rate of surplus value, and negatively related to the composition of capital. However, the empirical results do not support this theory. In spite of the abnormal tendency of these parameters, this study shows that the change in the structure of foreign trade plays a very important role in determining the rate of profit through its effect on the movement of the composition of capital and the rate of surplus value.

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