Międzynarodowe rynki kapitałowe i kursy walutowe a handel światowy produktami rolnymi
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Date
1986
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Wydział Prawa i Administracji UAM
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International capital markets and currency rates versus world agricultural trade
Abstract
In the course of the last four decades, a number of changes have taken place
in American farming. They have been closely bound with the process of integrating
U.S. farming with world economy. The role of this farming in world food
trade has been strengthened particularly in the last decade. As a consequence,
this sector of the American economy has become dependent on world trade. The
interdependencies appearing in world trade make different factors influence the
situation in American farming, factors which only a quarter of a century age
would have been omitted in any analysis. Among them, one should mention currency
courses, the different percent rates of different countries, short- and long-
-term international capital transfers and also the policy of stabilization followed
by U.S. trade partners. Apart from the influence of macro-economic trade policies,
American farming directly experiences the results of the different farming policies
realized by those partners.
The author of the article precedes his analysis of the factors above mentioned
with a discussion of the vital, realistic factors which influenced the rapid growth
in the standing of American farming on world markets. These include: the modification
of American policy regarding the costs of farming products, income and
currency courses, great changes — after World War II — in the structure of the
resources used by U.S. farming and of productive factors, and finally, the transformation
of American farming into a sector of a high technological standard.
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Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 48, 1986, z. 1, s. 145-163