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It has been argued frequently that an expansion of primary products by several developing countries is likely to lead to a decline in their terms of trade, export revenues and real incomes. In the present paper, we attempt a systematic analysis of this is
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The authors are particularly interested in evaluating the concern that efficiency or policy-induced changes in the supply of exports of primary commodities, such as cocoa, coffee, and tea, may lead to such a large decline in the prices of those commodities that export revenues and incomes of the...
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It has been argued that if several developing countries expand exports, they are likely to experience a decline in their terms of trade, export revenues, and real incomes. The general case for this export pessimism has lost much of its force, but remains very much alive for some specific...
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The study is being carried out in two phases: the first focusing on a regionwide analysis and the second on an in-depth examination of possible country-specific strategies for ten Asian Developing Countries
Persistent link: https://www.econbiz.de/10005660998
The question of Preferential Trading Areas, as we should call them in preference of the misleading phrase "Free Trade Areas" (and Customs Unions) which falsely equates them in the public mind and discourse with nonpreferential Free Trade, has never been distant from international economists'...
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