Reisen, Helmut (contributor); Grandes, Martín (contributor) - 2005
”. The centre provided manufactured goods and capital, the
periphery raw materials … emphasise the role of relative prices, neglected in earlier structuralist analysis of North‐
South links, as these shape importantly macroeconomic variables and welfare in the developing
world. Terms of trade (the relative price of manufactured goods and raw materials … Key Country Elements
Net foreign debt/assets High net debt Medium net debt Low net debt High net FX assets
Raw materials …