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The Measurement of Unequal Exchange

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  • M J Webber
  • S P H Foot

Abstract

Unequal exchange is the deviation of the prices of commodities from their values that results from intersectoral profit equalisation and from institutional barriers. Its magnitude is measured in this paper. The method of calculating unequal exchange from input—output tables is outlined, then the results are presented. The results show that, if commodities produced in the Philippines in 1961 had sold at the same price—value ratio as did commodities produced in Canada in the same year, total export revenue would have amounted to 5.269 billion pesos instead of the actual 1.129 billion pesos.

Suggested Citation

  • M J Webber & S P H Foot, 1984. "The Measurement of Unequal Exchange," Environment and Planning A, , vol. 16(7), pages 927-947, July.
    • Handle: RePEc:sae:envira:v:16:y:1984:i:7:p:927-947
    DOI: 10.1068/a160927
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    References listed on IDEAS

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    1. Wolff, Edward N, 1979. "The Rate of Surplus Value, the Organic Composition, and the General Rate of Profit in the U.S. Economy, 1947-67," American Economic Review, American Economic Association, vol. 69(3), pages 329-341, June.
    2. Amsden, Alice H, 1981. "An International Comparison of the Rate of Surplus Value in Manufacturing Industry," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 5(3), pages 229-249, September.
    3. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(1), pages 230-231, January.
    4. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(4), pages 876-878, October.
    5. Anonymous, 1962. "International Monetary Fund," International Organization, Cambridge University Press, vol. 16(3), pages 619-631, July.
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    Cited by:

    1. Amavilah, Voxi Heinrich, 2017. "The African origins of Euro-American development: Pins on an empirical roadmap," MPRA Paper 79925, University Library of Munich, Germany.
    2. Andrea Ricci, 2016. "Unequal Exchange in International Trade:A General Model," Working Papers 1605, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini, revised 2016.

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