Some Notes on the Terms of Trade and Economic Development

Enrique Lerdau

The Quarterly Journal of Economics, 1962, vol. 76, issue 3, 464-470

Abstract: Introduction, 464. — Explanation for bad showing of primary commodity prices relative to manufactured goods, 465. — Policy implications, 465. — Reasons for decline of terms of trade of primary products, 466. — Welfare implications of changes in the terms of trade, 466.

Date: 1962
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