Developing countries with considerable mineral reserves might be expected to have fewer problems with debt-servicing than other developing countries lacking these resources. In fact, during the past decade a not insignificant number of the former had to apply for a rescheduling of their foreign...

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.