Abstract
The chapter explores what, if anything, was distinctive about investment in settler societies, especially as far as its overall contribution to their economic and social development was concerned. It introduces the notion of Wakefieldian investment as a way of characterizing the functions of overseas investment in settler societies. The chapter focuses on foreign investment in the United States and the five core Wakefieldian societies in Canada, Australia, New Zealand, Argentina and Uruguay. While the quantitative record of investments in Wakefieldian societies is uneven. The investment ratio in the other Wakefieldian societies followed a similar pattern, climbing to a peak at some point before the First World War and thereafter fluctuating around a falling trend. Settler economies were becoming sufficiently developed to support a more diverse pattern of investment. Keywords:First World War; settler societies; Wakefieldian investment; Wakefieldian societies
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