Imperialist appropriation in the world economy
This paper quantifies the resources (raw materials, land, energy and labour) exchanged between the global North and South. It argues that despite the popular perception that imperialist extraction of resources ended when colonial powers withdrew from the global South, rich countries and large corporations exert power to depress the price of resources and labour in the global South. The result is “unequal exchange”: for each unit (defined below) of resources the South imports from the North, the South must export many more units to pay for it.