Unbalanced global trade policies (entrenching hegemony and perpetuating dependency).
DOI:
https://doi.org/10.58298/812025737Keywords:
global trade, hegemony, dependency, environmentAbstract
This study presents an analysis of the unbalanced, reliable international trade architecture, embodying the relations of dominance and dependency between the countries of the Global North and the Global South. The study emphasizes how this system reflects a structural imbalance that perpetuates unequal relations. It analyzes three main stages of economic dependency: unequal exchange, the effects of trade and extractive industries, and the resulting damages, as modeled below, and the involvement of multinational corporations in global value.
References
United Nations General Assembly: Transforming our world: the 2030 Agenda for Sustainable Development, Report 70/1 (New York: United Nations, General Assembly, 2015).
World Bank: Annual Report: Helping Countries Achieve the Development Goals, (Washington: World Bank Publications, 2022).
United Nations Conference on Trade and Development, Trade and Development Report 2023, Growth, Debt, Structure and Climate: Financial Restructuring (Geneva: United Nations Publications, Document No.: UNCTAD/TDR/2023).
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