Commodities, Governance and Economic Development Under by Machiko Nissanke, George Mavrotas

By Machiko Nissanke, George Mavrotas

Alfred Maizels' paintings on commodity exchange and costs documented tendencies in an incredible sector of overseas financial relatives. This ebook elaborates the tips within the culture of Maizels' contributons, and discusses and extends those theories relating to present difficulties.

Show description

Read or Download Commodities, Governance and Economic Development Under Globalization PDF

Similar systems & planning books

Business Strategy Formulation: Theory, Process, and the Intellectual Revolution

Ulwick introduces a method formula concept and technique that enables organisations to create suggestions that regularly produce step forward effects.

Strategic Management: A Stakeholder Approach (Pitman Series in Business and Public Policy)

The ornamental dustjacket is in virtually ideal situation. ebook is just too aside from the head corners of some pages that obtained folded down. /lh

Developing New Business Ideas: A Step-by-step Guide to Creating New Business Ideas Worth Backing

. .. the colossal numbers of books dedicated to the topic. .. have performed little to enhance the location. .. Andrew and Mary Bragg's constructing New company rules may perhaps simply be the booklet to alter a lot of this. .. If this ebook may help traders and would-be marketers during this region it is going to don't simply them, but additionally the economic climate as a complete an excellent carrier.

Uneven Development in the Third World: A Study of China and India

Half 1 improvement recommendations: improvement concepts and results; thought and dimension of asymmetric advancements; asymmetric advancements in China and India; linkages and sectoral interdependence. half 2 improvement results: improvement final result - progress; improvement results - inequalities; sessions, expertise and entry; entry to future health companies; entry to schooling; political financial system of improvement.

Additional resources for Commodities, Governance and Economic Development Under Globalization

Sample text

Inevitably, they end up acting as if they were politicians. The second peculiarity attaches to UNCTAD alone: its secretariat regards itself as ‘impartial, but not neutral’. It is impartial in the sense that that it does not discriminate between the different countries that are members of the UN, but it is not neutral because it has a mandate to promote development, which some member countries need to a greater extent than others. Given these two peculiarities, the line separating technical and political roles is much harder to draw than it is in the British civil service, in which Alf had served previously.

Her simulation analysis shows that, under a PEP, exports and domestic prices will move pro-cyclically with respect to the commodity price cycle, and that the exchange rate will be more volatile than the one currently adopted by the economy. In the light of the limitations of the PEP, she advances an alternative arrangement that consists of a band whose width changes according to the phases of the copper price, in which the margins are larger under low copper prices to allow for adjustment through depreciations, while they are narrower when commodity prices increase, so as to avoid excessive overvaluations that would jeopardize non-traditional exports.

Chapter 9, by Elva Bova, presents an empirical examination of the macroeconomic effects of the adoption of the PEP proposal of pegging the exchange rate prices of exported commodities for Zambia, which is heavily dependent on copper exports. Her simulation analysis shows that, under a PEP, exports and domestic prices will move pro-cyclically with respect to the commodity price cycle, and that the exchange rate will be more volatile than the one currently adopted by the economy. In the light of the limitations of the PEP, she advances an alternative arrangement that consists of a band whose width changes according to the phases of the copper price, in which the margins are larger under low copper prices to allow for adjustment through depreciations, while they are narrower when commodity prices increase, so as to avoid excessive overvaluations that would jeopardize non-traditional exports.

Download PDF sample

Rated 4.45 of 5 – based on 27 votes