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Export Instability in Historical Perspective: Further Results
John R. Hanson II
The Journal of Economic History
Vol. 40, No. 1, The Tasks of Economic History (Mar., 1980), pp. 17-24
Stable URL: http://www.jstor.org/stable/2120416
Page Count: 8
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Today's less developed countries maintain that high instability in export prices is a serious obstacle to their economic development. History shows, however, that some of today's developed countries also experienced high price instability in the international markets they served when they were at a comparable phase in the development process. Current recommendations to institute a network of international commodity agreements for the most important primary products exported by the LDCs seem beside the point in light of this evidence.
The Journal of Economic History © 1980 Economic History Association