Название: International Raw Materials Market
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Introduction
Raw Materials - A natural of semifinished god
that is used in manufacturing or processing to make some other good. Bauxite is
the raw materials (ore) from which aluminum is made; aluminum is turn can be
the raw material from which household utensils are manufactured.[1]
There is another definitions from the
subject area of raw materials distinct from the above mentioned:
Raw materials are products immediately
extracted from nature which have undergone a first processing through which
they have become marketable and, consequently, a tradable commodity. Raw
materials include all energy raw materials (crude oil, natural gas, coal,
uranium), metals, semi-metals and industrial minerals (kaolin, graphite,
sulfur, salts, phosphates), rocks, water as well as all plant and animal
products, whether they come from tropical regions (coffee, jute, tropical
timber) or from temperate latitudes (wheat, meat, wool, etc.).[2]
Raw material economy: It comprises all
activities which are part of the planned handling of raw materials, i.e.
explanation, evaluation, extraction, conversion into a tradable product, trade
and forecasting. "Planned" here means economically useful,
ecologically and socially responsible activities.[2]
Resources are all natural material systems
which as such are no commodities, but the intactness of which is a basic
prerequisite for the continued existence of the earth's chemical and physical
equilibrium and, consequently, for the survival of mankind. Resources include:
the ozone balance, the CO2 balance, the equilibrium of sea water, the tropical
forest, the krill and fish population, etc.[2]
World resource balances are the planned
(i.e. ecologically useful and socially responsible) handling of resources. This
comprises: the explanation, evaluation, risk assessment and forecasting
regarding world resources.[2]
Current research emphasis [2]
international raw material balances
supply problems of the industrial countries
location disadvantages of the developing
countries
dumping problems in international raw
material trade
recycling as a source for raw materials
raw material deposits and connected
environmental problems in east Siberia (addendum 1)
structural questions and environmental
problems of the Polish energy and metal economy[2]
I. Trade
intermediates and natural resources
Once international trade in more than final
consumer goods is allowed, basic notions of comparative advantage need to be
re-examined. We have already discussed the limitations in a multi-commodity
word of comparing autarky prices in two countries to predict item-by-item the
pattern of trade; generally only correlations can be made except under
additional assumptions. With trade in intermediates allowed, the problems in
predicting trade in final goods became even greater. As MakKenzie (1945)
remarked in one of his classic problem on the Ricardian model, the familiar
nineteenth century trade pattern in which Lancashire produced and exported
cotton textiles would most probably not have been observed if England had had to
grow its own cotton [1].
We shall have occasion both in this section and to revert to this theme: the
pattern of trade in final goods may not be readily deducible from the
comparison of pre-trade relative prices in these markets.[3]
I.I Middle products (intermediates)
The phrase “middle-products” was used by
Sanyal and Jones (1982) to encompass what traditionally are referred to as
intermediate goods, goods-in-process, and natural resources which have been
extracted and prepared for trade on world markets. The core concept in their
model is that of a productive spectrum whereby, at initial stages, natural
resources and raw materials are processed and, in the final stages,
goods-in-process and intermediate products are locally assembled for national
consumption. International trade, according to this view, takes place in
commodities, somewhere in the “middle” of this productive spectrum, freeing up
a nation’s input requirements in the final stages of production from its output
tradeable middle products at earlier stages.[3]
Such a view of the role of international
trade suggests a natural division between that part of the economy which
produces commodities (middle products) for the world market (including the
local economy), called the Input Tier, and that section of the economy which
makes use of internationally traded middle products as input along with local
resources to produce none-trade goods for final consumption (the Output Tier).
Ruled out by assumption in the simple version on this model is the notion that
the “middle” stages of the productive spectrum might be “thick” in the sense
that tradeable middle products might use other tradeable middle products as
inputs. In addition, in production structure in each tier of the economy as assumed
to resemble that of the specific-factors model. Labor is mobile both among
sectors in each tier and between tiers. The balance of payments provides an
additional link between the two tiers; if the trade account is balanced, the
value of total output from the Input Tier of the economy is matched by the
value of middle products used as inputs (along with labour) in the Output
Tier.[3]
Several types of questions have been raised
in the context on this model, and of central concern in each case is the allocation
of labour between tiers and the real wage. Fore example, a transfer payment
which gives rise to a trade surplus requires labour to be reallocated to the
Input Tier as consumption falls, and this serves unambiguously to reduce the
real wage.[3]
If domestic (and world) prices of trade
middle products remain constant to the small country, all non-labour inputs in
the Output Tier can be aggregated, a la Hicks, into a composite middle product
input, which serves to convert the production structure in the Output Tier from
an (n 1)-factor, n-commodity specific-factors model into a two-factors,
many-commodity Heckscher-Ohlin model.[3]
In the middle-products model Input Tier is
the existence of a world market in which middle products can be exchanged for
each other that permits such a conversion.[3]
The middle-products model allows countries
and sectors to differ in the extent to which local value must be added to
transform middle products into final commodities, and much depends upon
this comparison. It does not, however, focus upon another question: in
à vertical production structure with many stages, which
goods-in-process or middle products does à country import and which
does it export? Two recent papers have tackled this issue
independently and with different models. Sanyal (1980) assumes that in
each of two countries à commodity is produced in à continuum of
stages, with different Ricardian labor-only input structures. Depending upon
technological differences and relative country size, à cut-off point
will be determined, with one country producing the commodity from raw
material stage to some intermediate point, and then exporting this good-in-process
to the other country where labor is applied to finish the production
process. By contrast, Dixit and Grossman (1982) use à
specific-factors model, with one of the commodities (manufacturing)
produced in à continuum of stages using capital and labor (the other
sector using land and labor) [2]. These stages are
arranged such that, as goods-in-process develop towards the final stage,
more labor-intensive techniques are required. Thus with two countries, the
labor-abundant country will tend to specialize in later stages of the
productive spectrum[3].[3]
They analyze how endowment changes alter
the cut-off point, as well as investigating issues related to content
protection.[3]
I.II Natural resources
As Chapter 8 in this volume discusses, the
normative question of pricing natural resources (exhaustible or renewable)
has received much attention in the literature of the past decade. The
middle-products approach stresses that some activities, the extraction of
natural resources, must take place locally although international trade then
allows other countries access to these resources. Obviously, comparative
advantage changes over time for countries engaged in exporting exhaustible
resource. In early work Vanek (1963) traced through the changing pattern
of United States trade in natural resources, and suggested that asymmetries in
resource use and availability could account for the Leontief paradox. In
à context of multi-level trade, the costs of recourse extraction in
one country often depend on the availability of foreign capital. Kemp and
Ohyama (1978) have presented à simple model of North - South
trade in which South makes use of Northern capital to develop its
resources and exports these resources to the North where they are used
to produce final commodities[4]. They put their model
to use in exploring the normative issue of different degrees of bargaining
strength and ability to exploit via export taxes and tariffs in the two
regions. But the model also stresses the involvement of capital flows in resource
extraction. Schmitz and Helmberger (1979) argue strongly for
complementarity between trade in resources and trade in capital, à
point also stressed by Williams in his 1929 article. We turn to consider
more generally, now, the interaction between trade in goods and trade in
factors.[3]
Addendum 1
Siberia is Among Leaders in Raw Materials
Markets[5]
Siberia's rating looks more impressive in
some groups of goods than its 7-th general placing. Split the whole flow of
commercial projects into 9 groups of goods, and for 6 of them Siberia joins the
leading three:
Timber and Paper
I Siberia 32.6
II Moscow 19.1
III St.-Petersburg 14.2
Fuel
I Siberia 20.3
II Urals 13.2
III Moscow 12.3
Chemical Products
I Moscow 17.2
II Siberia 15.7
III St.-Petersburg 11.9
Construction Materials
I Moscow 22.0
II Siberia 14.1
III Urals 5.6
Transportation
I Moscow 23.6
II Siberia 12.4
III Volga 12.1
Metals
I St.-Petersburg 20.9
II Urals 19.6
III Siberia 11.7
Список литературы
“The New Polgrave a dictionary of economic
Editor: J.Eatwell, M.Mmilgate P.Newman
Chair of Raw Material Economy and World
Resource Balances Prof. Dr.rer.nat. E. Machens (temporary appointment)
“Positive Theory of International Trade
Editor: R.W. Jones, J.P. Neary (pages 31-37)
“The World Economy History & Prospect
Editor: W.W Rostow (part 52 “The Future of the World Economy” , pages 610-618)
“Siberia is Among Leaders in Raw Materials
Markets”Editors: Alexei Alexeev, Andrey Kiselev
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