TITLE

THE TRADE POLITICS OF MIDDLE EASTERN INDUSTRIALIZATION

AUTHOR(S)
Turner, Louis; Bedore, James
PUB. DATE
December 1978
SOURCE
Foreign Affairs;Winter78/79, Vol. 57 Issue 2, p306
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article analyzes the trade politics in the Middle Eastern industrialization processes in 1978. The essential difference between developed and developing nations is the percentage between the purchase price of an ounce of raw cocoa in West Africa and the selling price of a Hershey bar in New York City. The developing nations get only the fluctuating price of the raw commodity, determined by outside buyers. However, the developed countries receive the value added by transporting, manufacturing and packaging the commodity into an end product, along with all the jobs and industry created from shipbuilders and wax paper manufacturers to advertising agencies. Also, developing nations naturally wish to produce the candy bar in West Africa, near the source of the raw material that makes it all possible. Developed countries say this does not make economic sense. Thus, the Third World replies that the developed countries, grouped in the Organization for Economic Cooperation and Development control this whole industrialization or manufacturing process and that the least developing countries must break into it if they are ever to gain higher living standards and some economic independence.
ACCESSION #
4854000

 

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