By Marian Radetzki
Книга A instruction manual of basic Commodities within the worldwide economic system A instruction manual of fundamental Commodities within the worldwide EconomyКниги Экономика Автор: Marian Radetzki Год издания: 2008 Формат: pdf Издат.:Economy" Cambridge college Press Страниц: 244 Размер: 1,2 ISBN: 0521880203 Язык: Английский 34 (голосов: 1) Оценка:The global goes via a superb commodity growth caused by way of a world call for surprise mostly brought on by the surprising emergence of China and India as immense uncooked fabric importers. costs of diverse commodities tripled among 2003 and 2006, leading to large windfalls for manufacturers and a monetary squeeze on shoppers. A guide of basic Commodities within the worldwide financial system is a consultant to the fine details of this more and more the most important a part of the area economic system. Assuming not anything extra from readers than a uncomplicated realizing of economics, Marian Radetzki introduces and explains pertinent concerns surrounding overseas commodity markets akin to the worldwide geography of uncooked fabrics, fee formation, cost developments, the function of commodity exchanges, the specter of depletion, cartel motion, country possession and the recent commodity nationalism.
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Extra info for A Handbook of Primary Commodities in the Global Economy
2. Historically the production and consumption of commodities was basically a national affair. Excepting expensive luxury goods, like coffee and precious metals, commodities were simply too expensive to transport across borders and oceans. The secular fall in transport costs has greatly increased international trade in commodities, making it possible to move production to locations which offer the The historical framework 21 lowest cost opportunities. In the twenty-first century, imports of commodities throughout the world account for a very sizable share of consumption.
The first observation is that the consumption of tropical agricultural products, notably coffee, cocoa and tea, but also natural rubber, has always depended virtually entirely on imports. With increasing prosperity over the twentieth century, the volume of these imports has grown impressively, in line with consumption. In contrast, the prosperous regions have maintained far-reaching measures to protect domestic food production (see chapter 3). , cereals, sugar, meat and fruit have therefore accounted for only limited shares of consumption.
The first section defines primary commodities and classifies them into a variety of distinct groups. These distinctions are indispensable for some of the analyses performed in the following chapters. The second section attempts to determine the significance of commodities in the international economy, at both the aggregate and individual product level. The third section paints a broad picture of the current geography of traded commodity production and consumption. The import dependence of the major industrial regions on overseas commodity supply is explored and quantified, and the most important commodityexporting countries are identified in the process.
A Handbook of Primary Commodities in the Global Economy by Marian Radetzki