Trends in Relative World Market Prices

  • S. M. Nitikin
Part of the International Economic Association Series book series (IEA)


After 1973–4 the identification of trends, prospects and the actual changes in absolute and relative prices on world capitalist markets became one of the most acute problems of economic development.1 The stormy events of the 1970s on world markets for major raw materials, especially oil, were conditioned by the aggravation of energy, raw material and food problems and the spread of inflation to these markets. These events have drastically altered earlier price relationships and strengthened the spontaneous and unpredictable elements in the dynamics of world prices.


Relative Prex Export Price Cocoa Bean World Market Price World Prex 
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Copyright information

© International Economic Association 1984

Authors and Affiliations

  • S. M. Nitikin
    • 1
  1. 1.Institute of World Economy and International RelationsMoscowRussia

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