WORLD REVIEW OF POLITICAL ECONOMY
Journal of the World Association for Political Economy
Volume 15 • Number 3 • Fall 2024
Produced and distributed by
ISSN 2042–891X (Print) ISSN 2042–8928 (Online)
© WORLD ASSOCIATION FOR POLITICAL ECONOMY 2024
The World Review of Political Economy (WRPE) is a quarterly, peer-reviewed title published by Pluto Journals in close association with the Shanghai-based World Association for Political Economy (WAPE). This groundbreaking project is the first of its kind: a pioneering collaboration between Chinese academics and a Western progressive publisher to produce a serious periodical of Marxist political economy. The WRPE is certain to be the essential forum for dialogue, cooperation, debate, and the sharing of cutting-edge research among the leading scholars in China, the English-speaking world, and beyond. WRPE has been indexed in ESCI (Emerging Sources Citation Index, a new edition of Web of ScienceTM) since December 2015, in Scopus since June 2018, and in DOAJ since March 2023.
WORLD REVIEW OF POLITICAL ECONOMY
Journal of the World Association for Political Economy
EDITOR
Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences
CO-EDITORS
David M. Kotz (US), Professor at University of Massachusetts Amherst
Hiroshi Onishi (Japan), Professor at Keio University
Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille 1 and Paris East-Marne la Vallée
MANAGING EDITOR
Zhongbao Wang (China), Professor at Chinese Academy of Social Sciences
EDITORIAL BOARD
Riccardo Bellofiore (Italy), Professor at University of Bergamo
Enfu Cheng (China), Professor and Member of Chinese Academy of Social Sciences
Jean-Claude Delaunay (France), Honorary Professor at Universities of Lille 1 and Paris East-Marne la Vallée
Radhika Desai (Canada), Professor at University of Manitoba
Heinz Dieterich (Germany), Professor at Metropolitan Autonomous University
Xiaoqin Ding (China), Professor at Shanghai University of Finance and Economics
John Bellamy Foster (US), Professor at University of Oregon, Editor of Monthly Review
Hailiang Gu (China), Professor at Peking University
Hazel Dayton Gunn (US), Visiting Scholar at Cornell University, Managing Editor of Review of Radical Political Economics
Henri Houben (Belgium), Researcher at Research Group for an Alternative Economic Strategy and Institute for Marxist Studies
Leming Hu (China), Professor at Chinese Academy of Social Sciences
Makoto Itoh (Japan), Emeritus Professor at University of Tokyo, Member of the Japan Academy
David M. Kotz (US), Professor at University of Massachusetts Amherst
David Laibman (US), Professor Emeritus at City University of New York, Editor Emeritus of Science & Society
Jianping Li (China), Professor at Fujian Normal University
Jianhua Lin (China), Professor at Chinese Academy of Social Sciences
Terrence McDonough (Ireland), Professor at National University of Ireland Galway
Hiroshi Onishi (Japan), Professor at Keio University
Ozgur Orhangazi (Turkey), Professor of Economics at Kadir Has University
Luis Sandoval Ramírez (Mexico), Professor at National Autonomous University of Mexico
Roger Seifert (UK), Professor at Wolverhampton University
Pritam Singh (India), Professor at Oxford Brookes University
Lefteris Tsoulfidis (Greece), Professor at University of Macedonia
Pengfei Yan (China), Professor at Wuhan University
Yunxia Yang (China), Professor at Northwestern Polytechnical University
World Review of Political Economy
Vol. 15, No. 3, Fall 2024
CONTENTS
Articles
The Basis for the International Division of Labor and International Trade Is Absolute Rather than Comparative Advantage: Theory and Empirical Evidence 338
Xian Zhang and Jingyuan Fan
The Economic Pyramid of Unequal Exchange within the European Union 374
George Economakis and Maria Socrates Markaki
Plundering the Skilled Workforce: Depriving Developing Nations of Their Most Valuable Assets 406
Hasan Gürak
Authenticating Neoliberalism: Korean Official Development Assistance in Uganda and the East African Region 422
Joseph Musasizi and Iain Watson
Academic Frontiers
Chinese Modernization and the Prospects of World Modernization: A Review of the 16th Forum of the World Association for Political Economy 446
Zhihong Luo and Xiaoqin Ding
Information
WAPE Membership Information 471
Guidelines for Contributors 473