The Demand for Industrial Materials, 1950-57
J.A. Rowlatt and
F.T. Blackaby
National Institute Economic Review, 1959, vol. 5, 22-45
Abstract:
Only eight or nine years ago, at the time of the Korean war, it was widely believed that there would be a continuing world-wide shortage of many primary products; that there was a long-term tendency for the prices of primary products to rise faster than the prices of manufactured goods; and that, as a consequence, the terms of trade were bound to go on turning in favour of primary producing countries and against manufacturing nations such as Britain.
Date: 1959
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