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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)

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