The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Unequal Exchange

  • Ednaldo Araquem Da Silva
Reference work entry


Marxists have long attempted to explain the uneven development of ‘productive forces’ (labour productivity) and the resulting income differences in the world capitalist economy primarily by means of the ‘surplus drain’ hypothesis (see Emmanuel 1972; Andersson 1976). Adopting Prebisch’s division of the world capitalist economy into the ‘centre’ and ‘periphery’, Marxists have argued that surplus transfer has restrained the economic development of the periphery and exacerbated its income gap vis-à-vis the centre.

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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Ednaldo Araquem Da Silva
    • 1
  1. 1.