Stabilization of Proceeds from Raw Material Exports

Abstract

In going over the literature on the subject of the stabilization of the proceeds from raw material exports, I find myself following numerous distinguished predecessors. But though the area is well travelled, it still permits occasional discoveries, thanks to the continued shifting of the economic scene. Each age views commodity stabilization in the light of its own special problems. The problems of the 1950s differ, in many important respects, from those of preceding decades. Some merit may attach, therefore, to a periodic survey even when the surveyor must realize that he is not an explorer.

I am indebted for helpful comments to Hans W. Singer and Albert O. Hirschman.