Economic Development and Unequal Exchange among Nations: Analysis of the U.S., Japan, and South Korea

Nakajima, Ayako; Izumi, Hiroshi

doi:10.1177/048661349502700309

Cited by 17 publications

(11 citation statements)

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“…By focusing on the unequal exchange, many Marxists argued that the nature of market relations was prioritized over the exploitation of labour (e.g., Bettelheim, 1972;Brenner, 1977;Evans, 1975). Amin (1976) was among the first to try to measure unequal exchange empirically, which has since been done by many, including Gibson (1980), Williams (1985), Nakajima and Izumi (1995), Higginbottom (2014) and Ricci (2018). According to Milanovic's (2012: 125) empirical work, unskilled workers' wages in rich and poor countries often differ by a factor of 10 to 1.…”

Section: Amin's Conceptualization Of Unequal Exchangementioning

confidence: 99%

“…Amin () was among the first to try to measure unequal exchange empirically, which has since been done by many, including Gibson (), Williams (), Nakajima and Izumi (), Higginbottom () and Ricci (). According to Milanovic's (: 125) empirical work, unskilled workers’ wages in rich and poor countries often differ by a factor of 10 to 1.…”

Section: A Contrarian Marxist: Accumulation On a World Scalementioning

confidence: 99%

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Samir Amin: A Pioneering Marxist and Third World Activist

Kvangraven¹

2019

Development and Change

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Section: Amin's Conceptualization Of Unequal Exchangementioning

confidence: 99%

Section: A Contrarian Marxist: Accumulation On a World Scalementioning

confidence: 99%

Samir Amin: A Pioneering Marxist and Third World Activist

Kvangraven¹

2019

Development and Change

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“…Several researches have addressed the estimation of labour value in the context described above. First was Okishio (1958), followed by Okishio and Nakatani (1985), and Nakajima and Izumi (1995). Another stream is Gupta and Steedman (1971), Ochoa (1984), Fröhlich (2012) and so on.…”

Section: -4 Measuring Labour Value In Single Economymentioning

confidence: 99%

“…Various empirical studies have used input-output tables, for example, Okishio (1958), Gupta and Steedman (1971), Nakatani (1984), Ochoa (1984), Nakajima and Izumi(1995), Fröhlich (2012) and so on. Some compromises are required when using these tables in an empirical study.…”

Section: Introductionmentioning

confidence: 99%

“…For example, the Institute of Development Economics (Japan) complied an Asia table covering China, Indonesia, Japan, Korea, Malaysia, Taiwan, the Philippines, Singapore, Thailand and the U.S.A. for 1985, 1990, 1995, 2000and 2005 (Asian International Input-Output Project (2013. Groningen University compiled tables covering 40 countries during 1995 and 2009, WIOD, which we use in this research.…”

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confidence: 99%

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Labor Value and Exploitation in the Global Economy

Hagiwara¹

2017

Research in Political Economy

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This paper discusses labour value and the rate of exploitation in the global economy using international input-output tables. Labour value is defined as the multiplication of the labour coefficient and Leontief inverse. Exploitation means that the amount of labour embodied in the received wage commodity is less than the amount of the labour actually sold. Therefore, the Fundamental Marxian Theorem, which states that the conditions for the existence of profit and those for the existence of exploitation are the same, should be modified to stipulate that the existence of profit requires exploitation in at least one country. In other words, exploitation may not exist in some countries (nonexploitation). In the context of international input-output tables, we introduce the concept of global labour value, which is the vector of embodied labour in various countries. In the empirical study using an international input-output table, we find that (1) there are non-exploitation cases in several countries. (2) During the time period 1995-2009, the rate of exploitation increased in Asian countries, namely China, Japan, Korea and Taiwan, whereas the advanced countries other than Asia faced a decreased rate of exploitation.

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Toward an Integrated Analysis of Labor Productivity

Rieu

2022

Marx, Engels, and Marxisms

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Economic Development and Unequal Exchange among Nations: Analysis of the U.S., Japan, and South Korea

Cited by 17 publications

References 0 publications

Samir Amin: A Pioneering Marxist and Third World Activist

Samir Amin: A Pioneering Marxist and Third World Activist

Labor Value and Exploitation in the Global Economy

Toward an Integrated Analysis of Labor Productivity

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