[lbo-talk] Re: New Imperialism?

John Mage jmage at panix.com
Wed Mar 30 12:05:28 PST 2005


Doug wrote:

>> 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?

Arghiri Emmanuel demonstrated (30 years ago, don't know if this has changed) that primary products produced exclusively in the center, one example i recall was wood pulp for newsprint, did *not* exhibit the same adverse change as the primary products of the periphery.

john



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