Value and Unequal Exchange in International Trade: The Geography of Global Capitalist Exploitation Ricci Andrea
Value and Unequal Exchange in International Trade: The Geography of Global Capitalist Exploitation Ricci Andrea Contrary to the claims made by neoliberal governments and mainstream academics, this…
Specifikacia Value and Unequal Exchange in International Trade: The Geography of Global Capitalist Exploitation Ricci Andrea
Value and Unequal Exchange in International Trade: The Geography of Global Capitalist Exploitation Ricci Andrea
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. On this theoretical basis, 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.