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RISS 인기검색어
- 검색키워드
- 저자 : 金護哲(Ho Cherl Kim) (검색결과 5 건)
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金浩哲 東國大學校 1974 論文集 Vol.13 No.-
The first product markets in the underdeveloped countries can be affected by their own conditions, but the most important element to be considered is the industrial fluctuation in the developed countries; a recession neglizible for the developed countries can deal a serious blow on the under developed countries. furthermore, the restriction of import on the product tightened in 1950's and 1960's caused the recessions in the underdeveloped countries. 1. The Market condition of the first product in 1950's and 1960's a. the long-term trend the causes for the worsening condition of the first product market in 1950's and 1960's are; a) import coefficient; America, which is low in import coefficient, became the center of world economy in 20th century and failed to make a development in harymony with the countries who supply the first product. b) the development of the substitutes; such as synthetic rubber and fibers played an important role in worsening the market condition of the first product. c) an error in the strategy of development; the worsening of the international market condition of the first product could be prevented by the use of the product for the domestic economic development. but the underdeveloped countries did not developed the economic field related with the first product. d) the increase in the worldwide supply ability; after the World War Ⅱ the supply ability of the first product increased not only in the underdeveloped countries but also in the developed countries such as America. b. the short-term trend caused by the fluctuation in the developed countreis. It is only natural for the underdeveloped countries supplying the first product to be affected by the fluctuation in the developed countreis but the question is the price of the first product is relatively low compared with the industrial product in the developed countries even in a boom period. a) the recession in 1957-58; during this period decrease in the industrial output in America is only 2%, and the price of the industrial product in ther-developed countries fell about 1%, while that of the first product in the underdeveloped countries did 6%. b) the recession in 1967; in March through August 1967, the prices of the first product feel sharply; copper 47%, rubber 29%, sugar 27%. 2. The Market condition of the first product in 1970's. a. the recession in 1970-71 (which caused the so-called stagflation) the index of the export prices in the developed countries in the first quarter of 1974 shows 3.6% rise compared with the previous year, while that of the import prices 2.7% rise. b. the excessive boom With President Nixon's New Economic policy of August 15, 1971, economy of America began the rising along with the other countries, America experienced the boom of more than 20 months, recording 15.2% of the rate of the nominal growth and 8% of the rate of the real growth in the first quarter of 1973. with the improvement of the market condition of the first product at home and the underdeveloped countries. c. the worldwide resource problem and the second stagflation With the worldwide economic development, the demand for the first product increased sharply, but as the resources, especially the important ones such as iron and energy, are limited in quantity, the resource shortage became one of the most difficult problem the world faces now, and the world economy experienced another stagflation in 1973 as the Arab used oil as weaponry and many countries tried to check the excessive boom. Prices of agricultural products all over the world are rising because of the bad harvest owing to the abnormal and unseasonable weather in many years. However the rise of the prices first product is helpful to the underdeveloped countries, in spite of the worldwide stagflation.
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