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International Dimension of Agricultural Prices

Published online by Cambridge University Press:  28 April 2015

Arthur B. Mackie
Arthur B. Mackie*
Affiliation:
Economic Development and Trade Program Area of the Foreign Demand and Competition Division of the Economic Research Service, U.S. Dept of Agriculture
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Extract

Events of the past two years, specifically the agricultural price explosion of 1973, have strongly emphasized the growing interdependency of countries in the production, consumption and trade in agricultural products. The illusion of a closed agricultural economy has been dealt a series of severe blows. The world monetary crisis, the dollar devaluations, and sharply increased foreign demand for U.S. commodities have suggested that there is a single world market for basic commodities.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 6 , Issue 1 , July 1974 , pp. 11 - 23
Copyright
Copyright © Southern Agricultural Economics Association 1974

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References

[1] Food and Agriculture Organization of the United Nations. The State of Food and Agriculture. Rome: 1973, 1967, 1952.Google Scholar
[2] Food and Agriculture Organization of the United Nations. FAO Commodity Review and Outlook, 1972-1973. Rome: CCP 73/15, 1973.Google Scholar
[3] General Agreement on Tariffs and Trade. International Trade 1972. Geneva: 1972.Google Scholar
[4] Organization for Economic Cooperation and Development. The Role of Commodity Prices in the Current Inflation. Special Section, OECD Economic Outlook No. 14, Dec. 1973.Google Scholar
[5] Organization for Economic Cooperation and Development. The International Transmission of Inflation. Special Section, OECD Economic Outlook No. 13, July 1973.Google Scholar
[6] United Nations Monthly Bulletin of Statistics, July and Dec. 1973. New York: 1973.Google Scholar
[7] U.S. Dept. of Agriculture. World Wheat Situation. USDA, Economic Research Service, WS 226, Nov. 1973.Google Scholar
[8] U.S. Dept. of Agriculture. Foreign Agricultural Trade of the United States. USDA, Economic Research Service, Nov. 1973.Google Scholar
[9] U.S. Dept. of Agriculture. Unpublished study by Amalia Vellianitis and William E. Kost, USDA, Economic Research Service.Google Scholar