The Growth and Structure of International Trade Since the Second World War
This is the first book to present in one volume an empirical account of the growth and changes in international trade since the Second World War and an investigation of the reasons for them. The author analyzes the overall structure of world trade in terms of the main trading. Then as, industrialized areas, the developing areas and the Eastern Block. On the changes in monetary value, he estimates the changes in real magnitudes, and hence the changes in specialization between the groups of countries.
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accounted agricultural products appears assets balance of payments Britain capital cars cereals changes Chapter commodity consider consumers consumption costs cotton curve declined deficit demand developing countries direct investment domestic economies EFTA elasticity European countries exchange rate expenditure factors factors of production fibres figures firms foreign direct investment foreign investment France fuel GATT Germany Heckscher-Ohlin theory higher imports income indifference curve industrial countries industrialised countries international trade Japan Japanese labour largest lower major manufactures member countries ment million tons net exports OECD oilseeds oo oo OPEC output overall position price index price of oil primary products proportion quotas rates of protection raw materials reduce seen from Table specialisation subsidy tariff technological textiles textiles and clothing tion trade creation trade diversion USSR Western Europe wheat world exports world trade yarn