State Trading by the Advanced and Developing Countries: the Background

M. M. Kostecki

Chapter 1 in State Trading in International Markets, 1982, pp 6-21 from Palgrave Macmillan

Abstract: Abstract State trading occurs when a government or a government-backed agency determines the essential terms (including prices or quantities) on which exports and imports have to take place. This definition emphasizes the role of government control, since it is, primarily, this direct control that makes state traders behave differently from private ones. And it is this distinctive behaviour which is at the heart of the ‘problem of state trading’.

Keywords: International Trade; International Market; Foreign Trade; Government Control; State Trading (search for similar items in EconPapers)
Date: 1982
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DOI: 10.1007/978-1-349-05887-7_2

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