Commodity-related shortfalls in export earnings, Managerial Economics

Assignment Help:

A complementary facility for commodity-related shortfalls in export earnings

This is the most recent proposal of the Group of 77 at UNCTAD in June 1979.  There they requested that the UNCTAD secretariat in consultation with the IMF staff carry out a detailed study for a complementary facility' to compensate for shortfalls in each commodity, taking account of its financial requirements, possible sources of financing, its financial feasibility, institutional arrangements and the modalities and considerations that would provide adequate compensation in real terms to developing countries ...' it is intended that this should be additional to improvements in the CFF to the IMF and other IFC arrangements.  Most of the OECD nations voted against this resolution or abstained.

If the major worry of the LDCs is fluctuations in their export earnings (and this is what has usually been maintained) the CFF approach offers much greater prospects of success.  There is scope for reforming and expanding it, but not in the direction of turning it into a mechanism for long-term transfers of resources to LDCs.  The criteria for long-term assistance out to differ significantly from the relatively automatic provision of short-term finance to meet balance-of-payments problems induced by export instability.


Related Discussions:- Commodity-related shortfalls in export earnings

Barriers to entry in pure oligopoly, Barriers to entry in pure oligopoly ...

Barriers to entry in pure oligopoly The barriers to entry can be artificial or natural. Artificial Barriers This can be acquired through: State protection throu

Illustrate the sources of monopoly, Q. Illustrate the sources of monopoly? ...

Q. Illustrate the sources of monopoly? Merger for Large-scale Production: Thirdly monopoly undertaking can be a consequence of the necessity to produce on a large scale to de

Policy conflicts, Policy conflicts In their attempts to achieve the po...

Policy conflicts In their attempts to achieve the policy objectives, governments often face what are called conflict of objectives.  These arise partly because unlike private

Unemployment rate to the desired level, Suppose that the present level of i...

Suppose that the present level of income in the economy is $700 billion. It is determined that in order to decrease the unemployment rate to the desired level, it will be essential

Explain measuring arc elasticity, The concept of point elasticity is applic...

The concept of point elasticity is applicable where change in price and the resulting change in quantity are infinite or small. Though, where change in price and consequent hunger

Determinants of price elasticity, Discuss the determinants of price elastic...

Discuss the determinants of price elasticity of demand

Weston Industrial Manufacturing Products ("WIMP") has the ca, I would like ...

I would like to get the answer to the question - Weston Industrial Manufacturing Products ("WIMP") has the capability to produce a variety of industrial products, including a numb

Types of production function, Q. Types of production function? Producti...

Q. Types of production function? Production function is of two different forms:  The variable proportion production function The fixed proportion production functio

A monopolist faces a straight line demand curve which passes, A monopolist ...

A monopolist faces a straight line demand curve which passes through the point Rs 10 per ton on the price-cost axis and through the point 8000 tons on the quantity axis. The fir

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd