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The working paper Unemployment (Center) and Unequal Exchange (Center-Periphery), Gernot Köhler, is interesting in that in the micro economy it is true to say that if you have poor neighbours then you aren’t going to sell to them. Rather than reduce your price, why not give the neighbours money? And money that was theirs anyway? To what extent does the recently announced relief package for the third world, I have this at about $100B, and over twenty years is $5B. The 1994 data on Unequal Exchange is $1,600B. So does this mean the third word is getting a 5/1,600 or 0.3 per cent refund? William Kirk. |