Query onTrade

[ALI KADRI <akadri_00@xxxxxxxxx>]

I am presently researching Trade issues. I recall Bill
Tabb in a monthly review article mentioning that the
increase in global trade is due to inter-company
trade. Maybe my memory is not all that clear on that
but are there data and measurement sources for this.

  Evidently all trade has been inter firm trade, what
has changed is the fact that much of it is in
intermediate products- Charles Andrews correctly
mentioned it. But how can the welfare effect to the
developing countries be measured, account taken of
data problems.   I have of course measurement
problems, the least of which are data sources, double
counting, nature of production process, income effect
of trade vs. liberalization effect. There is evidence,
and that is the major point, of corrosion (supplanting
national industries and in free capital regimes the
resource cum capital transfer is a bottomless hole),
in the national economy resulting from an
over-emphasis on specialization and comparative
advantage, can these be gauged in any concrete way.
Basically should an increase in exports become
translated in income growth. There has been cases (
indeed the majority of cases between 1960 qnd 1980) of
higher growth in incomes with lower exports some
twenty years back.
Some of the all too well known results are as follows:
Science and scale based products, e. transistors,
valves data processors, are high growth export
products. One can add garments to this as well.
The year 1990 represents a break point for most
products except scale and science based which seem
grow steadily without a break in the series (maybe
there is a slight change in the slope after 1996 WTO
effect), but this is too early to measure.
the growth rate in the shares of world trade follows
the descending order science based, scale based,
specialized supplier, labor intensive resource
intensive, primary commodities at the bottom.
I appreciate comments or references on this

--- ProfTabb@xxxxxxx wrote:
> michael,
> the reason the japanese spend so much on
> infrastructural projects, mostly
> wasted money, bridges to underpopulated islands and
> so on is that the
> construction industry is a major contributor to the
> liberal democratic party
> (which is not liberal or democratic or really a
> party but a coalition of the
> corrupt in service to the rich and even more
> powerful.
> wk tabb
>


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