Abstract
One of the larger tasks facing economists is to focus on the dimension of time, over which to identify and examine the nature and causes of both continuities and discontinuities.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ardeni, P. G. and Wright, B. (1992), The Prebisch-Singer Hypothesis: A Reappraisal Independent of Stationarity Hypotheses, Economic Journal, 102, 803–12.
Bleaney, M. and Greenaway, D. (1993), Long-run Trends in the Relative Price of Primary Commodities and in the Terms of Trade of Developing Countries, Oxford Economic Papers, 45, 349–63.
Bloch, H. and Sapsford, D. (2000), Whither the Terms of Trade? An Elaboration of the Prebisch-Singer Hypothesis, Cambridge Journal of Economics, 24, 461–81.
Cashin, P., Liong, H. and McDermott, C. J. (2000), How Persistent are Shocks to World Commodity Prices?, IMF Staff Papers, 47(2): 177–217.
Cline, W. R. (1982), Can the East Asian Model of Development be Generalized?, World Development, 10(2): 81–92.
Cuddington, J. T., Ludema, R. and Jayasuriya, S. A. (2007), Prebisch-Singer Redux in D. Lederman and W. F. Maloney (eds) Natural Resources: Neither Curse nor Destiny, World Bank, Washington, and Stanford University Press, Palo Alto.
Davis, G. A. and Tilton, J. E. (2005), The Resource Curse, Natural Resources Forum, 233–42.
Emmanuel, A. (1972), Unequal Exchange: A Study in the Imperialism of Trade, New Left Books, London.
FAO (Food and Agriculture Organization of the United Nations) (2007), Implications for World Agricultural Commodity Markets and Trade of Rapid Economic Growth in China and India, Committee of Commodity Problems, Sixty-Sixth Session, FAO, Rome.
Findlay, R. (1986), Terms of Trade, in J. Eatwell, M. Milgate and P. Newman, (eds), The New Palgrave: A Dictionary of Economics, Macmillan, London — now Palgrave Macmillan, 623–6.
Grilli, E. R. and Yang, M. C. (1988), Primary Commodity Prices, Manufactured Goods Prices, and the Terms of Trade in Developing Countries: What the Long-Run Shows, World Bank Economic Reviews, 2, 1–47.
Gu, E. (2003), Labour Market Insecurities in China, SES Papers 33, ILO, Geneva.
IMF (2006), World Economic Outlook.
Kaplinsky, R. (2005), Globalization, Poverty and Inequality: Between a Rock and a Hard Place. Polity Press, Cambridge.
Kaplinsky, R. and Morris, M. (2007), Do the Asian Drivers Undermine Export-Oriented Industrialisation in SSA?, in World Development Special Issue on Asian Drivers and their Impact on Developing Countries.
Kaplinsky, R. and Santos-Paulino, A. (2005), Innovation and Competitiveness: Trends in Unit Prices in Global Trade, Oxford Development Studies, 33, 3–4, 333–55.
Kaplinsky, R. and Santos-Paulino, A. (2006), A Disaggregated Analysis of EU Imports: Implications for the Study of Patterns of Trade and Technology, Cambridge Journal of Economics, 30(4): 587–612.
Kaplinsky, R., McCormick, D. and Morris, M. (2006), The Impact of China on Sub-Saharan Africa, Agenda-setting paper prepared for DFID, Institute of Development Studies, Brighton.
Lewis, W. A. (1952), World Production, Prices and Trade, 1870–1960, Manchester School of Economic and Social Studies, 20(2): 105–38.
Maizels, A. (1999), The Manufactures Terms of Trade of Developing Countries with the United States, 1981–97, Working Paper 36, Finance and Trade Policy Centre, Queen Elizabeth House, Oxford.
Maizels, A. (2003), The Manufactures Terms of Trade of Developing and Developed Countries with Japan, 1981–2000, mimeo, Queen Elizabeth House, Oxford.
Maizels, A., Berge, K., Crowe, T. and Palaskas, T. B. (1998), Trends in the Manufactures Terms of Trade of Developing Countries, mimeo, Finance and Trade Policy Centre, Queen Elizabeth House, Oxford.
Mayer, J. A. (2002), The Fallacy of Composition: A Review of the Literature, The World Economy, 25(6) 875–94.
Prebisch, R. (1950), The Economic Development of Latin America and Its Principal Problems, Economic Bulletin for Latin America, 7, United Nations, New York.
Sapsford, D. (1985), The Statistical Debate on the Net Barter Terms of Trade Between Primary, Commodities and Manufactures: A Comment and Some Additional Evidence, Economic Journal, 95, 781–8.
Sapsford, D., Sarkar, P. and Singer, H. (1990), The Prebisch-Singer Terms of Trade Controversy Revisited, mimeo, University of East Anglia.
Sarkar, P. and Singer, H. W. (1991), Manufactured Exports of Developing Countries and Their Terms of Trade, World Development, 19(4): 333–40.
Singer, H. W. (1950), The Distribution of Gains between Investing and Borrowing Countries, American Economic Review, 15, 473–85.
Singer, H. (1971), The Distribution of Gains Revisited, reprinted in A. Cairncross and M. Puri (eds) (1975), The Strategy of International Development, Macmillan, London — now Palgrave Macmillan.
Singer, H. W. (1986), Terms of Trade and Economic Development, in J. Eatwell, M. Milgate and P. Newman, (eds), The New Palgrave: A Dictionary of Economics, Macmillan, London — now Palgrave Macmillan, 626–8.
Spraos, J. (1980), The Statistical Debate on the Net Barter Terms of Trade between Primary Commodities and Manufactures, Economic Journal, 90, 107–28.
United Nations (1949), Relative Prices of Exports and Imports of Under-Developed Countries, UN Department of Economic Affairs, New York.
Wood, A. (1997), Openness and Wage Inequality in Developing Countries: the Latin American Challenge to East Asian Conventional Wisdom, World Bank Economic Review, 11(1): 33–57.
Editor information
Editors and Affiliations
Copyright information
© 2010 Raphael Kaplinsky
About this chapter
Cite this chapter
Kaplinsky, R. (2010). China, Commodity Prices and the Terms of Trade. In: Greenaway, D., Milner, C., Yao, S. (eds) China and the World Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9781137059864_5
Download citation
DOI: https://doi.org/10.1057/9781137059864_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-35638-6
Online ISBN: 978-1-137-05986-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)