Pakistan's Terms of Trade, 1955-60

A. I. Islam
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A. I. Islam: Institute of Development Economics

The Pakistan Development Review, 1961, vol. 1, issue 2, 55-66

Abstract: The importance of the terms of trade in economic development arises from the fact that they affect a country's import capacity as well as the balance of payments position. The position of most of the underdeveloped countries with respect to their export proceeds and terms of trade is precarious and vulnerable. Though the ratio of exports to national income may not be higher in these countries than in the advanced countries, most of these countries depend excessively on a few export commodities for the bulk of their export earnings. Consequently, export disturbances are a source of serious problems for these countries.

Date: 1961
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