Counter trade : a global perspective
Agarwala, P. N.
Counter trade : a global perspective - New Delhi Vikas Publications 1991 - 242p.
The book examines in a professional and analytical manner the growing practice of countertrade in over 100 countries around the globe. Countertrade presently accounts for nearly a fifth to a quarter of global tede estimated in 1989 at $ 3,100 billion dollars. The incidence of countertrade is likely to accelerate in the nineties in the wake of the continuing debt crisis which is being accentu ated by the rising oil prices and the Gulf crisis, severe balance of payments position of many developing countries of Asia, Africa, L. America/ Caribbean and the East European economies of Poland, Hungary, Czecho slovakia, Bulgaria, Rumania and Yugoslavia, the hardening climate of aid and concessional lending, depressed commodity prices and deteriorating terms of trade with the spread of automation and synthetics/substitutes.
The book examines in-depth the diffi culties in ensuring that countertrade exports do not cut into or substitute traditional markets and that they are intended to diversify the exports by generating additionality which needs to be continuously monitored in terms of products, eventual destinations through dis charge and customs clearance documentation.
The book outlines the steps to avoid distortions of shadow pricing and the pitfalls to ensure that there is no undue loading of important pricing. Countertrade could become an element of the global system of trac. preferences and the book examines the problems of risk management and public accountability. Countertrade has emerged as a partial solution to the trading problems besetting the World economy.
706953207
Commerce
327 AGA
Counter trade : a global perspective - New Delhi Vikas Publications 1991 - 242p.
The book examines in a professional and analytical manner the growing practice of countertrade in over 100 countries around the globe. Countertrade presently accounts for nearly a fifth to a quarter of global tede estimated in 1989 at $ 3,100 billion dollars. The incidence of countertrade is likely to accelerate in the nineties in the wake of the continuing debt crisis which is being accentu ated by the rising oil prices and the Gulf crisis, severe balance of payments position of many developing countries of Asia, Africa, L. America/ Caribbean and the East European economies of Poland, Hungary, Czecho slovakia, Bulgaria, Rumania and Yugoslavia, the hardening climate of aid and concessional lending, depressed commodity prices and deteriorating terms of trade with the spread of automation and synthetics/substitutes.
The book examines in-depth the diffi culties in ensuring that countertrade exports do not cut into or substitute traditional markets and that they are intended to diversify the exports by generating additionality which needs to be continuously monitored in terms of products, eventual destinations through dis charge and customs clearance documentation.
The book outlines the steps to avoid distortions of shadow pricing and the pitfalls to ensure that there is no undue loading of important pricing. Countertrade could become an element of the global system of trac. preferences and the book examines the problems of risk management and public accountability. Countertrade has emerged as a partial solution to the trading problems besetting the World economy.
706953207
Commerce
327 AGA