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United Kingdom Imports of Manufactures From Developing and New Industrial Countries: 1954-1966

Published online by Cambridge University Press:  26 March 2020

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Extract

This article examines United Kingdom imports of manufactures from developing and new industrial countries over the years 1954 to 1966 in terms of market shares and the growth of trade in different commodities. Its object is to elucidate some of the reasons for the much more successful performance of the new industrial countries, and to use their experience to suggest opportunities for promoting the trade of the developing countries.

Type
Research Article
Information
National Institute Economic Review , Volume 44 , May 1968 , pp. 32 - 49
Copyright
Copyright © 1968 National Institute of Economic and Social Research

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Footnotes

This article was prepared by Mrs Ann D. Morgan, of the National Institute, with the assistance of Miss Penelope Riley.

References

note (1) page 33 The excluded items are silver and platinum, unwrought non-ferrous base metals, diamonds and certain categories of machinery which consist largely of goods imported for repair and re-export (such as aero engines) or of returned goods (for example, most of the large imports of machinery recorded as imported from the developing countries). Certain other minor items have also been excluded. The figures for 1966 should be treated as provisional. A full account of the sources, country and commodity classifications and adjustments to the original data is given in the Appendix.

note (1) page 36 The method of estimating machinery imports gives a fairly reliable indication of the trend of sales in this group by the new industrial countries up to 1963, but in the final years of the period it may have given rise to serious under-estimation of imports from Spain, Portugal, Yugoslavia and South Africa. Hence the predominance of Japan and Ireland in the machinery, vehicle and instrument trades may be over stated in 1966, and the value of imports from the group as a whole under-stated. For details of the methods employed in estimating imports, see Appendix.

note (1) page 45 The figures on which chart 3 is based are shown in table 9, together with comparable data for clothing and non-electric machinery. In the case of non-electric machinery, a High Income I product, there has been a fall in the sum of deviations over the period reflecting a lessening in the advantage of the High Income I group; in clothing, an increase in the relative advantage of Other II countries has been reflected in a rise in the sum of deviations.

note (1) page 46 For other discussions of this question, see S. Hirsch, ‘The United States electronics industry in international trade’, National Institute Economic Review No. 34, November 1965, and Hal. B. Lary, ‘Imports of Manufactures from less Developed Countries’, Studies in International Business Relations 4, National Bureau of Economic Research, 1968.

note (1) page 47 United Nations Yearbook of National Accounts Statistics, 1965, New York.