Arno Tausch (EDT) Global Keynesianism: Unequal Exchange and Global Exploitation

Annotation

Global inequality and unfettered globalization are characterizing features of the world economy at the beginning of the millennium. We believe that a renewed debate about international exploitation is necessary for theoretical and practical reasons. The successive crises - or let's term them abysses - that shattered entire continents since the 1980s, spreading the burden of misery from Latin America to Africa, Asia and Russia, brought home to the world and to millions and millions of human beings, that their livelihoods are determined by the ups and downs of the world market and the forces of the international economy. Europe, having launched a common, single currency, is characterized by a process of non-convergence of wages and incomes which could, ultimately, accelerate centrifugal political tendencies, as long as the structures of unequal exchange are not overcome.