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Fifty Years Ago … Until a Few Years Ago

In: The World Economy Towards Global Disequilibrium

Author

Listed:
  • Mario Baldassarri
  • Pasquale Capretta

Abstract

In the last 50 years the terms of trade between industrialized countries (prices of industrial products) and developing non-oil producing ones (prices for raw materials excluding petroleum) have shifted in favour of the first group of countries, rising at a yearly average rate of 0.7% (Figure 2.1 below).

Suggested Citation

  • Mario Baldassarri & Pasquale Capretta, 2007. "Fifty Years Ago … Until a Few Years Ago," Palgrave Macmillan Books, in: The World Economy Towards Global Disequilibrium, chapter 2, pages 8-13, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-59084-7_2
    DOI: 10.1057/9780230590847_2
    as

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