The unilateral transfer of values on the world scale
Author(s)/Corporate Author (s)Tchuigoua, Founou;
United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP);
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The formation of the world production price makes possible a virtual unilateral transfer of value in favor of the most powerful branches end the most powerful enterprises. If therefore a nation is defined economically as a populated territory where the productive forces are combined within branches and as a portion of the structured world capitalist market, then there is virtual a unilateral transfer from the nations with productivity below the world average and with capital concentration below the world average to those where productivity and concentration are above this average. This transfer strengthened by the existence of national currencies. In fact, the currencies of the biggest producers and biggest monopolists will tend to be overvalued because in great demand while that of the small producers, victims of great competition will be undervalued and the irrespective of any state intervention.
Citation“Tchuigoua, Founou; United Nations. Economic Commission for Africa. African Institute for Economic Development and Planning(IDEP) (1972-11). The unilateral transfer of values on the world scale. Dakar. © UN. IDEP. ”
- Trade