Unequal exchange

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Unequal exchange is used primarily in Marxist economics, but also in ecological economics (more specifically also as ecologically unequal exchange), to describe the systemic hidden transfer of labor and ecological value from poor countries in the imperial periphery (mainly in the Global South) to rich countries and monopolistic corporations in the imperial core (mainly in the Global North) due to structural inequalities in the global economy.

Excerpt from the Wikipedia article “Unequal exchange”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

Image: MONUSCO / Abel Kavanagh, CC BY-SA 2.0, via Wikimedia Commons.