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Chapter III. The World Economy

Published online by Cambridge University Press:  26 March 2020

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National Institute Economic Review , Volume 81 , August 1977 , pp. 30 - 44
Copyright
Copyright © 1977 National Institute of Economic and Social Research

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References

(1) OECD, Economic Outlook 21, July 1977, pages 20-25.

(2) Op. cit., pages 43-45.

(1) Op.cit., pages 28-31.

(1) These figures are calculated, as are other prices and values in this section unless otherwise indicated, in terms of ‘new’ SDRs (that is a weighted average of currency values, see National Institute Economic Review, no. 69, August 1974, page 45). Table 25 of the Statistical Appendix gives SDR/US dollar rates of exchange.

(1) See G. F. Ray, ‘The “real” price of primary products’, page 74.