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The ECONOMICS OF PRIMARY COMMODITIES - Models, Analysis and Policy (Hardcover)
Loot Price: R3,162
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The ECONOMICS OF PRIMARY COMMODITIES - Models, Analysis and Policy (Hardcover)
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Primary commodities - food, raw materials, fuels and base metals -
continue to be a substantial proportion of the exports of many
developing countries and account for over 40 per cent of world
trade. The determinants of primary commodity prices, and the terms
on which they are traded for manufactured goods, are topics of
considerable importance for development economists.The Economics of
Primary Commodities brings together in one volume important new
work by a group of leading scholars on the economic analysis of
primary commodity markets. Their detailed coverage of major recent
developments in the field include discussion of modelling and
policy issues. Topics addressed include excess co-movement of
commodity prices, the stabilization of earnings in volatile
commodity markets, a macroeconomic framework for trade terms
between north and south, and the influence of economic policy on
commodity markets. The essays should provide the reader with an
overview of the current 'state-of-the-art' and a useful platform on
which future research might be based. This book will be welcomed by
academic researchers, practitioners and postgraduate students
concerned with the economics of trade, economic development and
international economics.
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