Wymiana międzynarodowa zrównoważona ale nie równoważąca
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Date
1984
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Wydział Prawa i Administracji UAM
Title alternative
Balanced but not balancing international exchange
Abstract
The article discusses a problem of influence of trade exchange between free
market and non parametric economies on a market disequilibrium level in the
latter ones.
Having the assumption made that a non-parametric economy is burdened
with a permanent supply disequilibrium, by means of internal structural conditioning the author attempts to define ruling causalities for foregn trade in that
situation. In his opinion imports from market economiees are the emergency
measures used in order to remove the most acute market shortages in the macro
scale. But in those instances terms of contracts are changing to the worse. The
final result is a certain loss in supply increment in the internal market, which is
normally gained by imports.
The following part of the article discusses a case of exports, having the
assumption made of balanced trade. The author advocates that a permanent
inclining for intervention imports yields the pression on balance which effects too
extensive gain of internal demand created in the process of export production.
All in all the foreign trade when stimulated by demand disequilibrium becomes
a factor fostering that disequilibrium.
Upon revoking the assumption of balanced trade, the author discusses the case
of trade with the imports surplus {(Poland, the former decade) and next, estimates
the effect of trade with the exports surplus on the level of demand disequilibrium
(Poland after 1981).
The finali part of the article consists of the attempt at defining factors which
can diminish the action of the presented mechanism of aggravating (demand
disequilibrium by means of foreign trade with market economies.
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 46, 1984, z. 3, s. 175-187