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Economic Effects of Commodity-Price Stabilisation

In: The Pure Theory of International Trade Under Uncertainty

Author

Listed:
  • Raveendra N. Batra

    (Southern Methodist University)

Abstract

Several underdeveloped countries complain that their developmental efforts are severely hampered by persistent and violent fluctuations in international prices of their export products and that this phenomenon causes instability in export earnings, and hence, in the availability of foreign exchange, which is so vital for growth. There is a plethora of economic literature, which deals with whether or not the export earnings of the underdeveloped nations are substantially more unstable than those of the developed nations, whether this instability is the result of oscillations in prices or in export supplies of primary products, whether countries facing higher fluctuations in export earnings grow at a slower rate than countries with relatively steady export earnings, and a whole host of related questions.†

Suggested Citation

  • Raveendra N. Batra, 1975. "Economic Effects of Commodity-Price Stabilisation," Palgrave Macmillan Books, in: The Pure Theory of International Trade Under Uncertainty, chapter 6, pages 89-109, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-02208-3_6
    DOI: 10.1007/978-1-349-02208-3_6
    as

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