The Terms of Trade Experience of Britain Since the Nineteenth Century.
The terms of trade of Britain exhibited a declining trend in the first half of the nineteenth century. But after two decades of transitional confusion, they started to move upwards. The explanation lies in the fact that the reversal of the trend corresponded to a change in the structure of British e...
| Publicado en: | Journal of Development Studies Vol. 23; no. 1; pp. 20 - 40 |
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| Formato: | Artículo |
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Taylor & Francis Ltd
Oct86
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=7143630&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 7143630 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00220388 JDS jtl: Journal of Development Studies issn: 00220388 maglogo: N pubinfo: dt: Oct86 vid: 23 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 7143630 10.1080/00220388608422017 ppf: 20 ppct: 20 formats: fmt: @attributes: type: P size: 989KB tig: atl: The Terms of Trade Experience of Britain Since the Nineteenth Century. aug: au: Sarkar, Prabirjit su: Terms of trade Economic conditions in Great Britain United Kingdom sug: subj: United Kingdom Terms of trade Economic conditions in Great Britain ab: The terms of trade of Britain exhibited a declining trend in the first half of the nineteenth century. But after two decades of transitional confusion, they started to move upwards. The explanation lies in the fact that the reversal of the trend corresponded to a change in the structure of British export trade from the dominance of traditional textile products towards other manufactures. Unlike the traditional textile products, these other manufactures had little indigenous counterpart in the agrarian countries with which Britain had expanding trade relations. So while cost reduction through technical progress led to a rapid fall in the prices of cotton textiles under stiff competition at home and abroad, producers in the newer sectors did not have to respond much to this type of cost-reducing technical progress that spread to these sectors in the latter period. Thus, as Prebisch and Singer argued, the classical scheme of distribution of the gains from technical progress through trade that was supposed to have operated in the days of classical economists did not operate later on. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Journal of Development Studies is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Journal of Development Studies holder: Taylor & Francis Ltd dt: @attributes: year: 1986 holdings: @attributes: islocal: N |
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