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INTERSECTORAL TERMS OF TRADE IN THREE POLITICAL ECONOMIC STRUCTURES

Andrews, Margaret S. ; Janvry, Alain de

Keywords:
The politic.al and economic histories of both capitalist and socialist nations are full of examples where the terms of trade between the agricultural and nonagricultural sectors have emerged as critical issues in state policy. Sirice any policy action to control agriculture's terms of trade will both redistribute income and alter the climate for economic growth and investment ; the question of terms of trade policy deserves a new treatment in the light of the current debate on possible tradeoffs between growth and equity in the process of agricultural development. In this paper we examine the importance of the wider political economic structure in determining the growth and distributional consequences of an intersectoral terms of trade policy. The structures we consider are all basically capitalist in nature ; however ; the patterns of wage ; rent ; and profit determination differ. The pattern of class alliance ; hegemony in the political structure ; or both ; and the degree of social disarticulation are also important. Social disarticulation occurs when the expansion of the market of key growth sectors is not derived from the earnings of workers in key sector production (de Janvry ; and de Janvry and Garramon).
Subject(s):
International Relations/Trade
Political Economy
Issue Date:
1983
Publication Type:
Conference Paper/ Presentation
Record Identifier:
https://ageconsearch.umn.edu/record/191013
PURL Identifier:
http://purl.umn.edu/191013
Page range:
3-8
Total Pages:
6

Record appears in:
International Association of Agricultural Economists (IAAE) > 1983 Occasional Paper Series No. 3



 Record created 2017-04-01, last modified 2018-01-22

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