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World Economic Report 1950–1951

image of World Economic Report 1950–1951

World Economic Report 1951-52 highlights the major domestic economic changes in economically developed private enterprise economies, centrally planned economies and selected countries of Latin America and the Far East. The Report also studies the changes in international trade and payments in several major economic powers. From 1950 to 1952, these took place in a context of continuing international disequilibrium.

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International trade and payments of exporters of primary commodities

The increase in demand for primary commodities and the consequent rise in their prices during 1950 and 1951 produced striking changes in the international trade and payments position of the countries which are chiefly exporters of these products. The primary producing countries comprise the large under-developed areas of the world but in addition include a number of industrially more advanced countries, whose foreign trade is also based mainly on the exchange of primary products for manufactures.

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