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

— —

Andrea Ricci

Value and Unequal Exchange in International Trade

The Geography of Global Capitalist Exploitation

Andrea Ricci

$79.99

Paperback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Routledge
09 January 2023

Politics & government; Economic theory & philosophy; International trade; Political economy; Human geography

Series: Routledge Frontiers of Political Economy

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.

By: Andrea Ricci
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 450g
ISBN: 9780367513993
ISBN 10: 0367513994
Series: Routledge Frontiers of Political Economy
Pages: 228
Publication Date: 09 January 2023
Audience: College/higher education , Primary
Format: Paperback
Publisher's Status: Active

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.

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).