INTERSECTORAL TERMS OF TRADE IN THREE POLITICAL ECONOMIC STRUCTURES
1983
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Details
Title
INTERSECTORAL TERMS OF TRADE IN THREE POLITICAL ECONOMIC STRUCTURES
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).
Author(s)
Issue Date
1983
Publication Type
Conference Paper/ Presentation
DOI and Other Identifiers
Record Identifier
https://ageconsearch.umn.edu/record/191013
PURL Identifier
http://purl.umn.edu/191013
Language
English
Page Range
3 - 8
Total Pages
6