Professor Nurkse and the Marketing Boards
Gordon Winston
The Pakistan Development Review, 1965, vol. 5, issue 4, 631-637
Abstract:
Professor Nurkse presented a compelling case against the price stabilization policies of national marketing boards for primary products based on the fact that these policies may reduce the quantity of foreign revenue accruing to the primary producing country [1]. If they do, they may act to restrict the rate of economic development. To maximize export earnings, he proposed elimination of the marketing boards' function of insulating domestic producers of primary products from demand fluctuations on the world market. These demand fluctuations were considered to be the result of cyclical fluctuations within the advanced countries, hence they were treated in a short-run context.
Date: 1965
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