>I recollect a conversation with the late excellent David Gordon, in
>which he said that if you ran current (this was some twenty years ago -
>but it would be even more true today) center-periphery trade balances
>with the relative prices of 1900 for the primary trade categories, the
>difference in favor of the periphery would account for the entire growth
>in the center.
But does that turn on the power relations of imperialism, or the declining importance of primary products in economic life?
Doug