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 between the metropolitan powers (North) and the Global South involved the extraction of surplus from the Global South with unfavorable terms of trade, where the products of the Global South were undervalued, and the products of the North were overvalued. This resulted in wealth flowing from the Global South to the North, resulting in economic exploitation of the Global South. Trade agreements and investment were also a part of the process, but mostly with an unfavorable outcome for the Global South, resulting in neo-colonialism. Options A, B, and D are not entirely incorrect, but they do not represent the primary mechanism of commerce and exchange.

What Mechanism of Commerce and Exchange Existed Between the Metropolitan