Value and Unequal Exchange in International Trade: The Geography of Global Capit

Description: Value and Unequal Exchange in International Trade by Andrea Ricci 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. FORMAT Hardcover CONDITION Brand New Publisher Description 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 Marxs 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. Author Biography Andrea Ricci is tenured Assistant Professor in Economics at the University of Urbino, Italy. He obtained a MA in International Economics from the Graduate Institute of International and Development Studies of Geneva (Switzerland) and a PhD in Political Economy from the Università Politecnica delle Marche (Italy). Table of Contents 1. Introduction: Theoretical foundations and measurement of unequal exchange. 2. The heresy of unequal exchange. 3. The social algorithm of value. 4. The dual measure of value: money and labour time. 5. The international law of value and money: a general model of unequal exchange. 6. The geography of global exploitation: measuring unequal exchange over the last 30 years. Details ISBN0367513978 Author Andrea Ricci Publisher Taylor & Francis Ltd Year 2021 ISBN-10 0367513978 ISBN-13 9780367513979 Format Hardcover Pages 228 Imprint Routledge Place of Publication London Country of Publication United Kingdom AU Release Date 2021-05-20 NZ Release Date 2021-05-20 Publication Date 2021-05-20 UK Release Date 2021-05-20 Subtitle The Geography of Global Capitalist Exploitation Illustrations 11 Tables, black and white; 13 Line drawings, black and white; 13 Illustrations, black and white Series Routledge Frontiers of Political Economy Alternative 9780367513993 DEWEY 382 Audience Tertiary & Higher Education We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:134661715;

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