Value And Unequal Exchange In International Trade
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Value And Unequal Exchange In International Trade
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Author : Andrea Ricci
language : en
Publisher: Routledge
Release Date : 2021-05-20
Value And Unequal Exchange In International Trade written by Andrea Ricci and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-20 with Business & Economics categories.
Contrary to the claims made by neoliberal governments and mainstream academics, this book argues that the huge increase in trade in recent decades has not made the world a fairer place: instead, the age of globalization has become a time of mass migration caused by increasing global inequality. The theory of unequal exchange challenges the free trade doctrine, claiming that transfers of value from poorer to richer countries are hidden behind apparently equivalent market transactions. Following a critical review of the existing approaches, the book proposes a general theory of unequal exchange in the light of an innovative reconstruction of Marx’s international law of value, in which money and exchange rates play a crucial role in decoupling value captured from value produced by different countries, even in perfectly competitive world markets. On this theoretical basis, the book provides an empirical analysis of the international transfers of value in both traditional trade and Global Value Chains. The resulting world mapping of unequal exchange shows the geographical hierarchy of capital global exploitation by revealing a world divided into two quite separate camps of donor and receiving countries, the former being the poorer countries and the latter the richer countries. This book is addressed to scholars and students of economics and social sciences, as well as activists of the North and the South, interested in a better understanding of the asymmetric power relations implied in global trade. It makes a significant contribution to the literature on political economy, trade, Marxism, international relations, and economic geography.
Unequal Exchange And The Evolution Of The World System
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Author : Kunibert Raffer
language : en
Publisher: Springer
Release Date : 1987-06-18
Unequal Exchange And The Evolution Of The World System written by Kunibert Raffer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-06-18 with Business & Economics categories.
Unequal Exchange
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Author : Arghiri Emmanuel
language : en
Publisher:
Release Date : 1972
Unequal Exchange written by Arghiri Emmanuel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1972 with Economic development categories.
The Fragmented World
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Author : Chris Edwards
language : en
Publisher: Routledge
Release Date : 2015-06-03
The Fragmented World written by Chris Edwards and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-03 with Business & Economics categories.
This comprehensive textbook, first published in 1985, on the world economic, written specifically for non-specialists, compares neo-classical, neo-Ricardian and Marxist theories and policies in international economics. Theories of trade and money, and issues such as international debt crisis, the rise of the newly industrializing countries and the demands for a New International Economic Order, and explained clearly and concisely. A wide range of political economics across the political spectrum are discussed. This accessible book will be of interest to anyone who wants to make sense of the complexities of international economy and the competing theories on trade, money and crisis.
International Trade And Imperialism
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Author : Oscar Braun
language : en
Publisher: Humanities Press International
Release Date : 1984
International Trade And Imperialism written by Oscar Braun and has been published by Humanities Press International this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984 with Commerce categories.
Studies In The Theory Of Unequal Exchange Between Nations
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Author : Jan Otto Andersson
language : en
Publisher:
Release Date : 1976
Studies In The Theory Of Unequal Exchange Between Nations written by Jan Otto Andersson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with International economic relations categories.
The Global Free Trade Error
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Author : Ron Baiman
language : en
Publisher: Routledge
Release Date : 2017-02-24
The Global Free Trade Error written by Ron Baiman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-24 with Business & Economics categories.
The doctrine of "free trade" is second only to that of "free markets" in undergirding ideological support for our current global economic structures and rules. From David Ricardo’s "comparative advantage principle" to James Meade’s Neoclassical or mainstream economics proof of self-adjusting free trade equilibrium, the free trade doctrine has had a lasting and destructive hold on Neoclassical economic thinking since its inception. The Global Free Trade Error provides a detailed analysis of these foundational models and counter-poses these to alternative Neo-Marxist "unequal exchange" models of global trade and finance. In the first part of the book the three core free trade models alluded to above are respectively demonstrated to be: overdetermined, inapplicable, and infeasible. In particular, Ricardo’s parable is shown to support managed trade rather than free trade as Ricardo and two centuries of economic texts have claimed. In the second part of the book, unequal exchange analyses of global trade are shown to provide logically coherent and useful insights into global trade and finance. In the third and final part of the book, this unequal exchange perspective is used, within a general "demand and cost" setting, to develop a set of global managed trade principles for a more equitable and sustainable world trade regime. This book will be of great interest to those who study political economy, history of economic thought, and international trade, including trade agreements and tariffs.
Global Ecology And Unequal Exchange
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Author : Alf Hornborg
language : en
Publisher: Routledge
Release Date : 2012-03-29
Global Ecology And Unequal Exchange written by Alf Hornborg and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-29 with Business & Economics categories.
In modern society, we tend to have faith in technology. But is our concept of ‘technology’ itself a cultural illusion? This book challenges the idea that humanity as a whole is united in a common development toward increasingly efficient technologies. Instead it argues that modern technology implies a kind of global ‘zero-sum game’ involving uneven resource flows, which make it possible for wealthier parts of global society to save time and space at the expense of humans and environments in the poorer parts. We tend to think of the functioning of machines as if it was detached from the social relations of exchange which make machines economically and physically possible (in some areas). But even the steam engine that was the core of the Industrial Revolution in England was indissolubly linked to slave labour and soil erosion in distant cotton plantations. And even as seemingly benign a technology as railways have historically saved time (and accessed space) primarily for those who can afford them, but at the expense of labour time and natural space lost for other social groups with less purchasing power. The existence of technology, in other words, is not a cornucopia signifying general human progress, but the unevenly distributed result of unequal resource transfers that the science of economics is not equipped to perceive. Technology is not simply a relation between humans and their natural environment, but more fundamentally a way of organizing global human society. From the very start it has been a global phenomenon, which has intertwined political, economic and environmental histories in complex and inequitable ways. This book unravels these complex connections and rejects the widespread notion that technology will make the world sustainable. Instead it suggests a radical reform of money, which would be as useful for achieving sustainability as for avoiding financial breakdown. It brings together various perspectives from environmental and economic anthropology, ecological economics, political ecology, world-system analysis, fetishism theory, semiotics, environmental and economic history, and development theory. Its main contribution is a new understanding of technological development and concerns about global sustainability as questions of power and uneven distribution, ultimately deriving from the inherent logic of general-purpose money. It should be of interest to students and professionals with a background or current engagement in anthropology, sustainability studies, environmental history, economic history, or development studies.
Nature Society And Justice In The Anthropocene
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Author : Alf Hornborg
language : en
Publisher: Cambridge University Press
Release Date : 2021-07-01
Nature Society And Justice In The Anthropocene written by Alf Hornborg and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-01 with Business & Economics categories.
Are money and technology the core illusions of our time? In this book, Alf Hornborg offers a fresh assessment of the inequalities and environmental degradation of the world. He shows how both mainstream and radical economists are limited by a particular worldview and, as a result, do not grasp that conventional money is at the root of many of the problems that are threatening societies, not to mention planet Earth itself. Hornborg demonstrates how market prices obscure asymmetric exchanges of resources - human labor, land, energy, materials - under a veil of fictive reciprocity. Such unequal exchange, he claims, underpins the phenomenon of technological development, which is, fundamentally, a redistribution of time and space - human labor and land - in world society. Hornborg deftly illustrates how money and technology have shaped our thinking and our social and ecological relations, with disturbing consequences. He also offers solutions for their redesign in ways that will promote justice and sustainability.
Ecologically Unequal Exchange
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Author : R. Scott Frey
language : en
Publisher: Springer
Release Date : 2018-07-04
Ecologically Unequal Exchange written by R. Scott Frey and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-04 with Social Science categories.
At a time of societal urgency surrounding ecological crises from depleted fisheries to mineral extraction and potential pathways towards environmental and ecological justice, this book re-examines ecologically unequal exchange (EUE) from a historical and comparative perspective. The theory of ecologically unequal exchange posits that core or northern consumption and capital accumulation is based on peripheral or southern environmental degradation and extraction. In other words, structures of social and environmental inequality between the Global North and Global South are founded in the extraction of materials from, as well as displacement of waste to, the South. This volume represents a set of tightly interlinked papers with the aim to assess ecologically unequal exchange and to move it forward. Chapters are organised into three main sections: theoretical foundations and critical reflections on ecologically unequal exchange; empirical research on mining, deforestation, fisheries, and the like; and strategies for responding to the adverse consequences associated with unequal ecological exchange. Scholars as well as advanced undergraduate and graduate students will benefit from the spirited re-evaluation and extension of ecologically unequal exchange theory, research, and praxis.