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Halbach, Axel J.
Osterkamp, Rigmar
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[Journal:] Intereconomics [ISSN:] 0020-5346 [Publisher:] Verlag Weltarchiv [Place:] Hamburg [Volume:] 24 [Year:] 1989 [Issue:] 1 [Pages:] 17-23
Unconventional forms of international trade (such as counterpurchase, compensation deals and barter) have assumed rapidly growing importance, especially in many developing countries, as a consequence of the fall in commodity prices and the worsening of international debt problems since the oil price increases of 1973–74 and 1979. By using these trading methods countries expect to be able to ensure a continuation of the urgently needed flow of imports, open up new markets for surplus products and bring about greater export diversification as between both regions and products. The following article therefore focuses on the countertrade of Third World countries, both among themselves and with industrialised countries.
North-South Relations
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