Specialisation and Dependence: A New Approach
All approaches to Unequal Exchange presented in the foregoing chapters suffer from two main shortcomings. First, they lack the link between trade and Unequal Exchange: that is, they do not detail how non-equivalence is being produced and reproduced by the very act of exchange. Second, it must be asked whether the Marxian law of value and the transformation pertaining to it or Sraffa-type equations do really lend themselves to an analysis of international economic relations.
KeywordsMarket Power Foreign Exchange Price Increase World System Indirect Taxis
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