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 title="Ecological Unequal Exchange"
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-Title: Ecological unequal exchange
-
-
 "It may be helpful, at this point, to add a reflection on the classic concep­tualization of unequal exchange by Arghiri Emmanuel (1972). In a nutshell, he argued that, because of international differences in wages, poor nations are obliged to export greater volumes of embodied labor than they would do if wages were uniform. If we exclude Emmanuels deliberations on labor “value” (see below), this is a perfectly valid observation. International wage differ­ences generate asymmetric flows of embodied labor time, the appropriation of which contributes to underdevelopment in the periphery. But let us also consider this analysis from the converse perspective. If technological progress such as the Industrial Revolution is understood as a process of capital accu­mulation in the core, at the receiving end of a relation of unequal exchange, it is also a product of international differences in wages. 
 
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-Hornborg, Alf. Global Magic: Technologies of Appropriation from Ancient Rome to Wall Street. New York, NY: Palgrave Macmillan, 2016.
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+Hornborg, Alf. Global Magic: *Technologies of Appropriation from Ancient Rome to Wall Street*. New York, NY: Palgrave Macmillan, 2016.
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