— Fionn PoolerThis exemplifies unequal exchange, a Marxist economic theory coined by Arghiri Emmanuel in 1972 which posits that rich countries in the Global North are able to grow their economies and prosper by keeping more of the value of trade with the Global South.
Replicated under Fair Use from The Coffee Industry Is Unequal. A Marxist Economic Theory Explains How. by Fionn Pooler.