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

Linkages of bureaucracy with the knowledge centres, LINKAGES OF BUREAUCRACY...

LINKAGES OF BUREAUCRACY WITH THE KNOWLEDGE CENTRES: The Government employees must make use of knowledge generated in higher seats of learning for implementing economic policie

Production, How a manager determines the optimal number of employees in a p...

How a manager determines the optimal number of employees in a project

Policies for technological advance, Policies for Technological Advance ...

Policies for Technological Advance Without better technology, increases in capital stock generated by investment rapidly run into diminishing returns. And without improvements

Inflation and unemployment, Inflation And Unemployment: Inflation desc...

Inflation And Unemployment: Inflation describes a persistent and an appreciable increase in the general price level. The inflation rate is measured as a percentage change in a

Case study of growth of regional financial institutions, Case Study - EUROP...

Case Study - EUROPE   Let us now see how events unfolded over the decades in Europe that led to monetary unification in terms of a single currency and single central bank. At

Features of bureaucracy, Features of bureaucracy: Impersonal Order: ...

Features of bureaucracy: Impersonal Order: The authority is inherent in the post and not the individual who performs the official role. An official is supposed to have a det

Cost curves, what are the various types of cost curves?

what are the various types of cost curves?

Determine the price elasticity of demand, Given the following demand and to...

Given the following demand and total cost functions for a firm P = 4500 - 0.5Q 2                     TC = 1.5Q 3 - 50Q 2 + 1000   i) the marginal profit function

Functions of the central bank, Functions of the Central Bank: Currency...

Functions of the Central Bank: Currency issue and distribution: The Central Bank is the only institution empowered by law to issue currency notes and coins that are used as a

Why is high unemployment considered a bad thing, Why is high unemployment c...

Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized.  It also poses great psychological, economic, and social c

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