| Autor: Jerzy Dudziński | 17 |
Strony: 17-31
pełen tekst
FOREIGN DIRECT INVESTMENT IN THE MODERNIZATION OF COUNTRY DEVELOPMENT
Summary
The paper makes an attempt to analyse two relatively new phenomena related to the globalisation of the world economy and their impact on the changes of general price relations in international trade. The first phenomenon describes an increasing share of countries offering low production costs (China and other exporters of manufactured goods) in the global exports. This phenomenon reduces the dynamics of the total price index of those goods in the world exports.
The second phenomenon is related to a more intense activity of financial investors in commodity markets. As a result of this activity, primary commodity prices tend to report a relative growth.
The total impact of the two factors explains the improvement in price relations in international trade in favour of primary commodities. This process, initiated in the mid-1990s, has become still more intense in the current decade. And even though it has been observed for more than ten years, it has not received sufficient attention in the literature yet.
pełen tekstFOREIGN DIRECT INVESTMENT IN THE MODERNIZATION OF COUNTRY DEVELOPMENT
Summary
The paper makes an attempt to analyse two relatively new phenomena related to the globalisation of the world economy and their impact on the changes of general price relations in international trade. The first phenomenon describes an increasing share of countries offering low production costs (China and other exporters of manufactured goods) in the global exports. This phenomenon reduces the dynamics of the total price index of those goods in the world exports.
The second phenomenon is related to a more intense activity of financial investors in commodity markets. As a result of this activity, primary commodity prices tend to report a relative growth.
The total impact of the two factors explains the improvement in price relations in international trade in favour of primary commodities. This process, initiated in the mid-1990s, has become still more intense in the current decade. And even though it has been observed for more than ten years, it has not received sufficient attention in the literature yet.