Komolov O.O. UNEQUIVALENT EXCHANGE AS A FACTOR OF INFLUENCE ON ECONOMIC DEVELOPMENT OF RUSSIA

The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 4/2024. Economics and Management.

Oleg O. Komolov

Cand. Sci. (Econ.), Senior Researcher, Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

UNEQUIVALENT EXCHANGE AS A FACTOR OF INFLUENCE ON ECONOMIC DEVELOPMENT OF RUSSIA

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Abstract

The article is devoted to the problem of unequal exchange in the global economy. A comparative analysis of different theoretical approaches has been carried out, both those denying the existence of this phenomenon (the development of the tradition of the neoclassical school) and the theories of international trade and division of labor based on it (the development of the tradition of Marxist political economy). The article presents different methods for assessing the equivalence of exchange in international trade. The author provides calculations of the labor exchange coefficient for the Russian economy with its main trading partners. Based on them, a conclusion was made about Russia’s semi-peripheral position in the international division of labor.

Keywords: globalization, Marxism, model of “center-periphery” relations, unequal exchange, labor exchange coefficient.

JEL: F02, F43, F54

EDN: MWCTOV

DOI: https://doi.org/10.52180/2073-6487_ 2024_4_47_64

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Manuscript submission date: 04.06.2024

For citation:

Komolov O.O. Unequivalent exchange as a factor of influence on economic development of Russia // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2024. №. 4. Pp. 47-64. (In Russ.). https://doi.org/10.52180/2073-6487_2024_4_47_64 EDN: MWCTOV

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