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Unequal exchange - Wikipedia

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Unequal exchange is used primarily in Marxist economics, but also in ecological economics (more specifically also as ecologically unequal exchange), to denote forms of exploitation hidden in or underwriting trade. Unequal exchange is usually calculated by assuming that any trade between a country with a high price level and a country with a low price level, is exploitation.[1] Originating, in the wake of the debate on the Singer–Prebisch thesis, as an explanation of the falling terms of trade for underdeveloped countries, the concept was coined in 1962 by the Greco-French economist Arghiri Emmanuel to denote an exchange taking place where the rate of profit has been internationally equalised, but wage-levels (or those of any other factor of production) have not. It has since acquired a variety of meanings, often linked to other or older traditions which perhaps then raise claims to priority. In the works of Paul A. Baran, and subsequently adopted in the dependency approach of Andre Gun

Unequal exchange - Wikipedia Jump to content From Wikipedia, the free encyclopedia The Democratic Republic Of The Congo , a country rich in natural resources, often used as an example of unequal exchange due to its Belgian governance in the 19th century , and its stunted economic development despite being the world's largest exporter of cobalt Term in Marxist economics Part of a series about Imperialism studies Theories Cultural imperialism Dependency theory Economic imperialism Expansionism Intercommunalism Irredentism Linguistic imperialism Neo-Gramscianism Neocolonialism Social imperialism

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