🚨Global economic relations have long been defined by imbalances and unequal power, not by self-correcting market forces, NEW STUDY finds.
@thomaspiketty.bsky.social &
@gatonievas.bsky.social call for structural reforms to the international monetary and exchange system.
wid.world/news-article...
Colonial extraction and unequal exchange have shaped two centuries of North-South inequality - WID - World Inequality Database
In a new study, Gastón Nievas and Thomas Piketty examine patterns of global imbalances, current account surplus/deficit and net foreign wealth accumulation over more than two centuries.
