Abstract
Occasionally, international trade may take the form of a barter arrangement, one country agreeing to take so much of another country’s produce in exchange for so much of its own. Normally, however, exchanges are arranged by private traders who, according to relative prices, decide whether it is profitable to export and import goods.
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© 1991 J. Harvey
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Harvey, J. (1991). International Payments. In: Intermediate Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-21228-6_35
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DOI: https://doi.org/10.1007/978-1-349-21228-6_35
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-54552-2
Online ISBN: 978-1-349-21228-6
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