The Global South Has Lost $152 Trillion Through Unequal Exchange Since 1960
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The Global South Has Lost $152 Trillion Through Unequal Exchange Since 1960

A recent study finds that over the period 1960 to 2017, total transfers from the ‘emerging and developing economies’ to the ‘advanced economies’ was around $152 trillion. These resources could have ended extreme poverty 15 times over, but instead they were transferred gratis to the core.