International Trade: An Unequal Relationship?

The video discusses global trade and interdependence, highlighting how no single country can produce all the raw materials it needs. It explains the unequal trade relationships where poorer countries provide raw materials to wealthier countries, which then refine and sell them back at higher prices. This creates trade deficits for poorer countries and trade surpluses for wealthier ones, perpetuating economic inequality. Wealthier countries maintain control over trade prices, sustaining this imbalance.

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