Canalisation, Microeconomics

Assignment Help:

State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported or exported~ as the case may be, only the designated state trading agencies.

"'The emphasis is on the control of foreign trade flows rather than on the ownership of the organisation or the agency conducting it.

State trading agencies may also trade in products which are not canalised, ir addition to the canalised items, Thus while canalisation essentially means state: trading, there may also be state trading without canalisation.

Canalisation is widespread in the world. It is not confined to the centrally planned economies and other developing countries. It is also common with the developed countries. "In the period immediately after World War II, canalising enterprises sprang up in almost all OECD countries for trade in agricultural commodities, minerals and some industrial goods. Many of these enterprises subsequently grew in size, increased in relative importance and diversified their activities. Other than in commodities noted above, canalisation has existed at one point or other in products like petroleum, coal and iron. "After the oil crisis of 1973, several advanced countries canalised oil imports to ensure stable supply of oil. Almost all the industrialised countries have used this policy instruments in one form or other although the extent of canalisation is generally much lower than that in the developing economies.


Related Discussions:- Canalisation

Variable and total cost curve , Variable and Total cost curve    ...

Variable and Total cost curve    * Consequently (from the table which is given): - MC initially decreases with increasing returns  0 through 4 units of output

Perfect competition in neoclassical economics, Q. Perfect Competition in ne...

Q. Perfect Competition in neoclassical economics? Perfect Competition: An abstract assumption, central to neoclassical economics, in that companies are so small that none can i

What is the theory of Second Best?, What is the theory of Second Best? Prov...

What is the theory of Second Best? Prove the theorem with the help of a diagram.

Mercantilism, Mercantilism:It is an economic theory from pre-capitalist tim...

Mercantilism:It is an economic theory from pre-capitalist times which held that a country's prosperity depended on its ability to produce large and persistent surpluses in its fore

Supply demand curve, an emission fee levied against polluting firms will te...

an emission fee levied against polluting firms will tend to shift the supply/demand curve of the firm/product to the left/right?

Economics, #question.what is meant by ppc?illustrate the central problems o...

#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.

What do you meant by private equity, Q. What do you meant by Private Equity...

Q. What do you meant by Private Equity? Private Equity: A form of business in which company's entire equity base is owned by one or a small group of individual investors. Under

Participation in global system of production, Participation in Global Syste...

Participation in Global System of Production: As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressiv

Equilibruim, I want to know all about equilibruim consumer equilibruim firm...

I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd