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Export Instability and Economic Development

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Average Percentage Deviations
Category=KCLT
Category=KCM
Cf Scheme
Coffee Agreement
commodity price volatility
compensatory finance schemes
developing economies
Early Period Production
earnings
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export earnings fluctuation impact
Export Fluctuations
Export Instability
Export Proceeds
fiscal policy analysis
fluctuations
foreign
Foreign Exchange Availabilities
Foreign Trade Multiplier
GROSS FIXED CAPITAL FORMATION
IMF Data
IMF Report
International Sugar Agreement
international trade policy
Long Run Equilibrium Price
Marketing Boards
multiplier
Pe Rc
Pr Ic
prices
proceeds
PUERTO RICO
Reserve Requirements
short
Short Term Instability
stabilisation mechanisms
Ta Ge
term
trade
typical
Typical Underdeveloped Country
UAR
Variable Reserve Requirements
Vice Versa

Product details

  • ISBN 9780415848596
  • Weight: 680g
  • Dimensions: 156 x 234mm
  • Publication Date: 04 Mar 2013
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

When this work was first published in 1966, there was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries. The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had been assumed. If correct, it would suggest that any measures should be carefully designed to fit the situations of countries that were affected and be subjected to cost-benefit analysis. This led to many published and unpublished studies on the issues: some supported, others contradicted the book’s conclusions. The data available now are vastly greater and probably more accurate than pre-1966. However, the work and the issues it raised remain important because most schemes proposed to reduce export instability would be costly and likely to divert resources from uses more obviously aimed at raising economic development in most developing countries.