Foreign Trade and National Income

1994 ◽  
pp. 533-553
Author(s):  
Bo Södersten ◽  
Geoffrey Reed

2019 ◽  
Vol 8 (3) ◽  
pp. 405
Author(s):  
Manasi Gore ◽  
Meenal Annachhatre

The concept of sustainable development involves three components namely economic, social and environmental. In a developing economy like that of India, the economic sustainability demands higher growth of key economic indicators such as National income, employment generation, production, consumption and even the foreign trade. The growth of foreign trade and that of the exports are very critical for the foreign exchange reserves essential to pay for the imports in India. Trade as an engine of the economic growth thus fulfils the essential implication for economic sustainability. But in achieving this growth, economy’s environmental sustainability is at stake. This is because, the top export products of India still comprise of petroleum products (18%) , agricultural products (12%), textiles and yarns together at 11 % and chemicals (10%). All these exports in their production have immensely contributed towards environmental pollution in one way or the other. Mining for gold, silver and diamonds resulted in water pollution, Green House Gas emission, and soil erosion. Petroleum refineries are a major source of hazardous and toxic air pollutants such as particulate matter (PM).Though India’s contribution to the total world trade is yet negligible, while promoting the major exports as mentioned above the natural resources are exploited too much and thus create a threat to India’s environmental sustainability. This paper therefore advocates the need for the Green products’ exports to make India’s growth story even environmentally sustainable. Keywords: Sustainable development, Green products, Exports, Imports, Environmental Pollution





1970 ◽  
pp. 242-259
Author(s):  
Bo Södersten


1980 ◽  
pp. 341-353
Author(s):  
Bo Södersten


Author(s):  
Müjgan Hacıoğlu Deniz ◽  
Kutluk Kağan Sümer

The aim of this study is to identify the effects of the volatility of oil prices and exchange rates on foreign trade revenue of a few selected Eurasian Economies. These countries are oil and natural gas exporting countries and getting most of their trade revenue from exporting these commodities. The effects of sharply falling oil prices since June 2014 and depreciating exchange rates on these countries’ external trade were analyzed by using alternative econometric models. The sample of this analysis covered the period from June 2014 when oil prices has started falling sharply – till June 2015 in which still world oil price is lower than the price of 140-150 dollars for per gallon in the previous years. Decreasing prices basically destabilize the revenues of these states since approximately two third (2/3) of their export revenue and substantial part of their budget revenue that comes from oil and natural gas. In Russian economy falling prices of oil depreciates both public revenue and economic activity. This means predominantly depending on one commodity for export and foreign trade makes these countries’ economies in dependence of that commodity’s price and makes these economies so vulnerable to global crisis and price volatilities. In order to avoid from this situation, these countries should divert their production and increase in variety for exporting goods.





1961 ◽  
Vol 13 (2) ◽  
pp. 267-299 ◽  
Author(s):  
Karl W. Deutsch ◽  
Alexander Eckstein

About the beginning of the present century, the economic historian Werner Sombart proposed an interesting generalization. The share of foreign trade in total national income, he said, was bound to decline in every country as it became more industrialized.





1994 ◽  
pp. 533-553
Author(s):  
Bo Södersten ◽  
Geoffrey Reed


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