Value and Unequal Exchange in International Trade

Value and Unequal Exchange in International Trade

Author: Andrea Ricci

Publisher: Routledge

Published: 2021-05-20

Total Pages: 242

ISBN-13: 1000388220

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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.


Book Synopsis Value and Unequal Exchange in International Trade by : Andrea Ricci

Download or read book Value and Unequal Exchange in International Trade written by Andrea Ricci and published by Routledge. This book was released on 2021-05-20 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Unequal Exchange and the Evolution of the World System

Author: Kunibert Raffer

Publisher: Springer

Published: 1987-06-18

Total Pages: 310

ISBN-13: 1349091871

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Book Synopsis Unequal Exchange and the Evolution of the World System by : Kunibert Raffer

Download or read book Unequal Exchange and the Evolution of the World System written by Kunibert Raffer and published by Springer. This book was released on 1987-06-18 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Unequal Exchange

Unequal Exchange

Author: Arghiri Emmanuel

Publisher:

Published: 1972

Total Pages: 504

ISBN-13:

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Book Synopsis Unequal Exchange by : Arghiri Emmanuel

Download or read book Unequal Exchange written by Arghiri Emmanuel and published by . This book was released on 1972 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:


International Trade and Imperialism

International Trade and Imperialism

Author: Oscar Braun

Publisher: Humanities Press International

Published: 1984

Total Pages: 160

ISBN-13:

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Book Synopsis International Trade and Imperialism by : Oscar Braun

Download or read book International Trade and Imperialism written by Oscar Braun and published by Humanities Press International. This book was released on 1984 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Studies in the Theory of Unequal Exchange Between Nations

Studies in the Theory of Unequal Exchange Between Nations

Author: Jan Otto Andersson

Publisher:

Published: 1976

Total Pages: 200

ISBN-13:

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Book Synopsis Studies in the Theory of Unequal Exchange Between Nations by : Jan Otto Andersson

Download or read book Studies in the Theory of Unequal Exchange Between Nations written by Jan Otto Andersson and published by . This book was released on 1976 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Global Keynesianism

Global Keynesianism

Author: Gernot Kohler

Publisher: Nova Publishers

Published: 2002

Total Pages: 490

ISBN-13: 9781590330029

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Global Keynesianism - Unequal Exchange & Global Exploration


Book Synopsis Global Keynesianism by : Gernot Kohler

Download or read book Global Keynesianism written by Gernot Kohler and published by Nova Publishers. This book was released on 2002 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Keynesianism - Unequal Exchange & Global Exploration


Ecologically Unequal Exchange

Ecologically Unequal Exchange

Author: R. Scott Frey

Publisher: Springer

Published: 2018-07-04

Total Pages: 335

ISBN-13: 3319897403

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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.


Book Synopsis Ecologically Unequal Exchange by : R. Scott Frey

Download or read book Ecologically Unequal Exchange written by R. Scott Frey and published by Springer. This book was released on 2018-07-04 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Nature, Society, and Justice in the Anthropocene

Nature, Society, and Justice in the Anthropocene

Author: Alf Hornborg

Publisher: Cambridge University Press

Published: 2021-07-01

Total Pages: 304

ISBN-13: 9781108454193

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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.


Book Synopsis Nature, Society, and Justice in the Anthropocene by : Alf Hornborg

Download or read book Nature, Society, and Justice in the Anthropocene written by Alf Hornborg and published by Cambridge University Press. This book was released on 2021-07-01 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Global Ecology and Unequal Exchange

Global Ecology and Unequal Exchange

Author: Alf Hornborg

Publisher: Routledge

Published: 2012-03-29

Total Pages: 206

ISBN-13: 1136658491

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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.


Book Synopsis Global Ecology and Unequal Exchange by : Alf Hornborg

Download or read book Global Ecology and Unequal Exchange written by Alf Hornborg and published by Routledge. This book was released on 2012-03-29 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Unequal Exchange in International Trade

Unequal Exchange in International Trade

Author: Roberto Camps de Moraes

Publisher:

Published: 1986

Total Pages: 574

ISBN-13:

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Book Synopsis Unequal Exchange in International Trade by : Roberto Camps de Moraes

Download or read book Unequal Exchange in International Trade written by Roberto Camps de Moraes and published by . This book was released on 1986 with total page 574 pages. Available in PDF, EPUB and Kindle. Book excerpt: