unequal exchange

Definition

Economics

• Trade in which the labor used to produce a country's exports is more than the labor used to produce its imports, as in the exchange between low-wage developing countries and high-wage developed countries.

Nearby Definitions of “unequal exchange”

• undo
• undulating current
• UNECE
• unemployment
• unemployment benefit
• unequal exchange
• unequal-length wishbone suspension
• UNESCO
• uneven grain
• unexpected halt
• unfair competition

Contexts for “unequal exchange”

1 definition in context
• Economics