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State Trading by the Advanced and Developing Countries: the Background

In: State Trading in International Markets

Author

Listed:
  • M. M. Kostecki

Abstract

State trading occurs when a government or a government-backed agency determines the essential terms (including prices or quantities) on which exports and imports have to take place. This definition emphasizes the role of government control, since it is, primarily, this direct control that makes state traders behave differently from private ones. And it is this distinctive behaviour which is at the heart of the ‘problem of state trading’.

Suggested Citation

  • M. M. Kostecki, 1982. "State Trading by the Advanced and Developing Countries: the Background," Palgrave Macmillan Books, in: M. M. Kostecki (ed.), State Trading in International Markets, chapter 1, pages 6-21, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05887-7_2
    DOI: 10.1007/978-1-349-05887-7_2
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    Cited by:

    1. Ingco, Merlinda & Ng, Francis, 1998. "Distortionary effects of state trading in agriculture : issues for the next round of negotiations," Policy Research Working Paper Series 1915, The World Bank.
    2. Dixit, Praveen M. & Josling, Timothy E., 1997. "State Trading In Agriculture: An Analytical Framework," Working Papers 14608, International Agricultural Trade Research Consortium.

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