Author : Mr.Dean A. DeRosa
Publisher : International Monetary Fund
ISBN 13 : 1451947399
Total Pages : 32 pages
Book Rating : 4.4/5 (519 download)
Book Synopsis Increasing Export Diversification in Commodity-Exporting Countries by : Mr.Dean A. DeRosa
Download or read book Increasing Export Diversification in Commodity-Exporting Countries written by Mr.Dean A. DeRosa and published by International Monetary Fund. This book was released on 1991-10-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper draws on the neoclassical theory of international trade to examine the limits of efficient export diversification in low-income, commodity-exporting countries. It demonstrates the fundamental importance of relative factor endowments among countries for determining the commodity composition of international trade flows under both certain and uncertain economic conditions. In recognition of the importance of international financial markets for risk-spreading and allocating resources efficiently under uncertainty, the paper emphasizes the importance of “open” economic policies towards international trade in financial assets as well as goods.