What mechanism of commerce and exchange existed between the metropolitan powers and the global south?
A) the exchanging of trade missions to work out their business ties
B) the exchanging of diplomats to establish trade agreements/treaties
C) the extraction of surplus from the global south with unfavourable terms of trade
D) the investment of capital into failing economies, which bolstered trade and aided the global south

Question

Quizplus · Accepted Answer

The mechanism of commerce and exchange that existed between the metropolitan powers and the global south was the extraction of surplus from the global south with unfavorable terms of trade. The global south was often forced to export raw materials at low prices and import manufactured goods at high prices, resulting in a disadvantageous trade relationship that favored the metropolitan powers. This exploitation of resources and labor contributed to the underdevelopment of the global south. Trade missions, diplomats, and investment of capital were secondary or rare aspects of this relationship.

What Mechanism of Commerce and Exchange Existed Between the Metropolitan