ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Inter-Sectoral Terms of Trade in India-Reality and Hype

Reality and Hype Nalini Vittal The basic issues in the terms of trade debate are those of transfers and accumulation in a poor country, of inter-sectoral shares in workforce and output and of mobilisation of resources. To make it appear as if these issues can be masked by matrices, no matter how absorbing, is to sidetrack the discussion.

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