A number of recent studies have shown that the short term level of economic activity and employment in primary commodity exporting countries is particularly vulnerable to price fluctuations in world commodity markets. The authorities in such countries, in seeking to maintain output and...

The vagaries of nature and of world grain markets, causing domestic food production and food import prices to fluctuate, are commonly considered the major external sources of food insecurity in developing countries. The need for steady domestic food production, and for stable world grain prices...

Die Rahmenbedingungen der Landwirtschaft der Entwicklungsländer verändern sich durch preisniveauwirksame Interventionen in den Welthandel. Dazu gehören - jeweils bezogen auf eine interventionsfreie Entwicklung - die Energiepreissteigerung durch das Angebotskartell der erdölexportierenden...

Computable general equilibrium models are used to study the short-run impact of fluctuating primary commodity prices on the economies of Colombia, Ivory Coast and Kenya. The results indicate that these economies are destabilized by primary commodity price fluctuations unless governments act to...

The large OPEC-engineered real world oil price increases of the early and late 1970's have set in train, via a highly integrated international trade and finance system, significant resource transfers from energy-poor to energy-rich countries. In accommodating these resource transfers both energy...

The purpose of this essay is to investigate the possible economic consequences of the recent German steel subsidy program and assess to what extent those consequences conform with the objectives which motivated that program's adoption. The paper is organized as follows: Particular developments...

First World politicians ascribe an exceptionally high social value to the well-being of domestic farmers, apparently without being penalized by political setbacks. In the European Community (EC) , they fix domestic prices on most agricultural commodities above world market prices, sustain these...

The costs and benefits of export diversification in an old non-oil commodity exporting country are the subject matter of the following analysis. In chapter 2 the causal nexus from commodity price fluctuations to domestic disturbances is developed from well-established macro- and microeconomic...

Eine schwere Verschuldungskrise und die Aussicht auf real sinkende Ölexportpreise zwingen die mexikanischen Bürger und ihren Staat, auf einen Teil des sonst möglichen Konsums und der Investitionen zu verzichten. Die reale heimische Absorption muß eingeschränkt werden, damit weniger...

Im August 1982 stellte die mexikanische Regierung die Zins- und Amortisationszahlungen an ihre ausländischen Gläubiger für 90 Tage ein und ersuchte internationale Organisationen sowie die Regierung der Vereinigten Staaten von Amerika um Beistand. Bereits im folgenden Jahr kann sie die...