Local Cultures, Global Force
In the nineteenth century, colonialism was viewed as a ready means of expanding access to raw materials, and
increasing relative power Within the global market- This expansion of colonial powers led to a type of exploitation calle
unequal exchange, in Which a seller receives currency for the sale of raw materials, then loses this currency by
purchasing processed goods back from the buyer that incorporate those same raw materials in their production-
How does the tr ansformative act of processing raw materials create value?
Can you think of a good example of unequal exchange within the context of contemporary society?
Use course readings to support your argument- (you can use any readings though)