Commodity Instability and Developing Countries: The Debate

Alfred Maizels

No wp-1988-034, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The significance of commodity price instability for the economic development of commodity-exporting countries has been perhaps the dominant theme in the postwar literature on the "commodity problem". One of the contending postwar views of the significance of excessive commodity price fluctuations on the economies of producing countries can be traced back to Keynes.

Keywords: Keynesian economics; Neoclassical school of economics; Prices; Primary commodities (search for similar items in EconPapers)
Date: 1988
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