World Trade and Payments

Phillip Crowson

Chapter 8 in Economics for Managers, 1985, pp 177-207 from Palgrave Macmillan

Abstract: Abstract The advantages of trade between vastly different economies are self-evident. It appears to help both countries that Britain should import, say, Ghanaian cocoa in exchange for machinery and equipment. The advantages of large-scale trade between economies at a similar stage of development, with similar cost structures, are not so readily apparent. Yet in recent years trade has grown fastest in manufactured products between industrial countries.

Keywords: Exchange Rate; Central Bank; World Trade; Trade Credit; European Monetary System (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-17812-4_8

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