The semester will culminate in a research-based application of critical/radical political economics on a topic of your choice. This 3000- to 3500-word paper should conform to APA style and citation guidelines and will be submitted via Canvas in the last week of class. It will be graded based on argumentation, composition, thoroughness of research, and application of course concepts. More details will be made available …
Proposal I want to talk about the Unequal exchange in contemporary international trade in my final project. Since the industrial revolution, global productivity has developed rapidly, labor productivity has increased significantly, and the prosperity of international trade has reached unprecedented heights. However, unequal exchanges still exist. This article analyzes the performance, causes and coping strategies of unequal exchange, quotes the classic expositions of the radical school, and considers the examples of China’s foreign trade. After the Second World War, some radical economists representing the interests of developing countries believed that the development of multinational companies and the unreasonable pattern of international division of labor put developing countries at a disadvantage in international trade. The terms of trade are deteriorating.
Razin, Assaf, & Razin, A. (2018). Israel and the World Economy: The Power of Globalization. The MIT Press.
Nogues, Julio. (2005). Unequal Exchange: Developing Countries in the International Trade Negotiations. 1.