| econ. | extract value | изымать ценность (Regarding the former, focussing on exploitation between countries, theorists of imperialism has argued that even when international trade is close to the ‘ideal’ model of perfect competition, the exercise of monopoly and state power by core economies allows them to extract value and resources from the less developed ones (Emmanuel, 1972; Amin, 1976). • The threat of climate change and biodiversity loss means there is a strong case for a greater focus on reducing non-renewable resource rents which extract value from both present and future generations. • However, in some sectors, a prior step to reforming competition regulation is gaining a better understanding of the business practices of modern rentier actors and how they create and extract value. • One common way to extract value is based on usage. A.Rezvov) |