Export Instability in Historical Perspective: Further Results

John R. Hanson

The Journal of Economic History, 1980, vol. 40, issue 1, 17-24

Abstract: Today's less developed countries maintain that high instability in export prices is a serious obstacle to their economic development. History shows, however, that some of today's developed countries also experienced high price instability in the international markets they served when they were at a comparable phase in the development process. Current recommendations to institute a network of international commodity agreements for the most important primary products exported by the LDCs seem beside the point in light of this evidence.

Date: 1980
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