TermsofTradeAnalysisImpactsonDevelopingCountries.pptVIP

Terms of Trade Analysis:Impacts on Developing Countries Shigehisa Cape Kasahara UNCTAD February 2010 shigehisa.kasahara@unctad.org Objectives of the Presentation Introduction of the concept of terms of trade (barter terms of trade vs income terms of trade) Historical review of the terms-of-trade analysis Assessment of recent movements: Inter-regional comparisons “China Syndrome” I TERMS OF TRADE: INTRODUCTION Different Formulae Net barter terms of trade (NBTOT): Px/Pm, (2) Gross barter terms of trade (GBTOT): Qm/Qx Only when the two trading countries (in a two-country model) mai