Unequal exchange

Unequal exchange refers to the economic situation where countries trade goods and services in a way that benefits one side significantly more than the other. This often happens when wealthier countries export high-value products, like technology, while importing low-value raw materials from poorer nations. As a result, the poorer countries get less value in return and struggle to develop economically. This concept highlights the imbalances in global trade, emphasizing how some countries may exploit resources and labor from others, perpetuating cycles of poverty and dependency.