Technology and the Terms of Trade
It was with some hesitation that I chose the topic of the present article since my professional training is far removed from the abstractions of pure economic theory. An inquiry into the relationship between technology and the terms of trade obliges one to face, indeed, such wide-ranging and controversial theoretical issues as those related to the analysis of the relationship between technology (in individual sectors and the whole economy of a country) and national and international market configurations.
KeywordsIncome Volatility Defend Omic Summing
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