Arghiri Emmanuel

Arghiri Emmanuel was a Greek-French economist known for his theory called “dependency theory,” which examines how developing countries often remain poor because they depend heavily on exporting raw materials to wealthier nations. He highlighted that the global economic system's structure, including unequal exchange and differences in labor value, perpetuates disparities. Emmanuel also introduced the concept of “unequal exchange,” suggesting that trade between rich and poor nations benefits the former more, leading to ongoing exploitation. His work helps us understand global economic inequalities and the lasting impact of historical and structural factors on developing countries’ growth.