Author： Mushin Jerry
Publisher： Inderscience Publishers
ISSN： 1097-4954
Source： Global Business and Economics Review, Vol.9, Iss.1, 2007-02, pp. : 92-100
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Abstract
The expansion and diversification of international trade has meant, for many countries, that changes in the relationship between domestic and foreign prices have greatly increased importance. This article identifies the weaknesses of the terms of trade, the usual measure of price conditions in an economy's international sector, and proposes a new approach.
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