Terms of trade movements and the global economic crisis
Dramatic changes in the relative prices of goods in international trade haveaccompanied, and indeed preceded, the recent global crisis. The causes and effectsof the relative price changes are analysed by applying the analysis of businesscycles developed by Joseph Schumpeter. Schumpeter’s analysis em...
| Main Authors: | , |
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| Format: | Journal Article |
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Routledge
2011
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| Online Access: | http://hdl.handle.net/20.500.11937/28346 |
| _version_ | 1848752511708561408 |
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| author | Bloch, Harry Sapsford, D. |
| author_facet | Bloch, Harry Sapsford, D. |
| author_sort | Bloch, Harry |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Dramatic changes in the relative prices of goods in international trade haveaccompanied, and indeed preceded, the recent global crisis. The causes and effectsof the relative price changes are analysed by applying the analysis of businesscycles developed by Joseph Schumpeter. Schumpeter’s analysis emphasisesinnovation and structural change (particularly creative destruction) which impartuneven development on the economy and can foster financial crises. This puts thecurrent crisis in the context of long-wave development of the capitalist system andleads to predictions about the likely path of price and output changes over the nextfew decades. |
| first_indexed | 2025-11-14T08:09:47Z |
| format | Journal Article |
| id | curtin-20.500.11937-28346 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:09:47Z |
| publishDate | 2011 |
| publisher | Routledge |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-283462017-02-28T01:42:12Z Terms of trade movements and the global economic crisis Bloch, Harry Sapsford, D. global economic crisis business cycles Schumpeter primary - commodity prices terms of trade Dramatic changes in the relative prices of goods in international trade haveaccompanied, and indeed preceded, the recent global crisis. The causes and effectsof the relative price changes are analysed by applying the analysis of businesscycles developed by Joseph Schumpeter. Schumpeter’s analysis emphasisesinnovation and structural change (particularly creative destruction) which impartuneven development on the economy and can foster financial crises. This puts thecurrent crisis in the context of long-wave development of the capitalist system andleads to predictions about the likely path of price and output changes over the nextfew decades. 2011 Journal Article http://hdl.handle.net/20.500.11937/28346 Routledge restricted |
| spellingShingle | global economic crisis business cycles Schumpeter primary - commodity prices terms of trade Bloch, Harry Sapsford, D. Terms of trade movements and the global economic crisis |
| title | Terms of trade movements and the global economic crisis |
| title_full | Terms of trade movements and the global economic crisis |
| title_fullStr | Terms of trade movements and the global economic crisis |
| title_full_unstemmed | Terms of trade movements and the global economic crisis |
| title_short | Terms of trade movements and the global economic crisis |
| title_sort | terms of trade movements and the global economic crisis |
| topic | global economic crisis business cycles Schumpeter primary - commodity prices terms of trade |
| url | http://hdl.handle.net/20.500.11937/28346 |