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In spite of the growth of population and the inevitable push towards better living conditions which must involve a growing demand for industrial materials, there seems little justification for fears of scarcities of materials, apart of course from the temporary scarcities and temporary high...
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In the wake of faster economic growth and thus higher demand for commodities in the Western world, the upward trend of the prices for industrial raw materials continued during 1972, and indeed gathered speed, on world markets. The following contribution is an analysis of the development in the...
Persistent link: https://www.econbiz.de/10011468978
This article utilizes a new concept of supply and demand for raw materials. It emphasizes the need for the use of long run economics rather than short run analysis in the determination of a fair price for raw commodities.
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Weighty objections have been raised against stabilization of commodity markets through agreements. The drawbacks of commodity agreements can, however, be largely overcome if the rigid theoretical notion of a price fixed strictly for a long period is abandoned.
Persistent link: https://www.econbiz.de/10011469600
This article may be of particular interest in view of the fact that UNCTAD has now for the first time set down a schedule for preparatory negotiations on raw materials. The resolution of UNCTAD IV on the treatment of the integrated action programme for raw materials is now to be realised....
Persistent link: https://www.econbiz.de/10011469601
The following article represents an excerpt from a report made by the author on September 30, 1976 to the German-Brazilian Chamber of Commerce in Rio de Janeiro, sponsored by the Fried. Krupp Company. It offers an outlook on the future supply and demand situation for ferrous and non-ferrous...
Persistent link: https://www.econbiz.de/10011469634
The following article pinpoints the elements of a possible new order for the commodity markets against the background of the existing market order for raw materials and proposals for its reform which have been made public. The existing order is briefly reviewed in the first part of the article...
Persistent link: https://www.econbiz.de/10011469635
This article discusses the advantages and disadvantages of grain reserves and grain banks. One important argument against establishing official reserves is that they are more likely to stiffen the barriers to food trade whereas a financial grain bank might be used to reduce those barriers. A...
Persistent link: https://www.econbiz.de/10011469636
UNCTAD’s Integrated Programme for Commodities (IPC) would come much closer to being realised, if the industrial and the developing countries could agree on creating the Common Fund. But the Fund remains in dispute. While the LCDs only want to discuss the details of its organisation, the...
Persistent link: https://www.econbiz.de/10011469651