Changing Export Income and the Developing Countries’ Economy: A Diagrammatic Representation
Purushottam Narayan Mathur
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Purushottam Narayan Mathur: University College of Wales
Chapter 8 in Why Developing Countries Fail to Develop, 1991, pp 123-135 from Palgrave Macmillan
Abstract:
Abstract We have now distinguished three main types of developing countries that crucially depend for their current production and growth on their export earnings, and for whom changes in commodity prices affect the whole fabric of their economies. (1) those having their traditional production restricted by the availability of labour force; (2) those whose traditional production is restricted because of the availability of suitable land; and (3) those whose production requires some imported inputs directly or indirectly, and thus have the extent of their output restricted by the availability of foreign exchange.
Keywords: Wage Rate; Foreign Exchange; Commodity Price; Export Earning; Export Industry (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-21343-6_9
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DOI: 10.1007/978-1-349-21343-6_9
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