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

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Aluminium-Unequal Exchange

 OFFICIAL projections of demand and supply for aluminium extend undauntedly to 1994-95, and suggest that demand for aluminium in the country will rise by then to 950,000 tonnes whereas production will be around 700,000. Throughout the 1980s, at any rate, it seems clear that India will be forced to import aluminium. According to the Department of Mines, production of aluminium in 1980-81 will have been 2 lakh tonnes, as against an installed capacity of 3.25 lakh tonnes and licensed capacity of 4 lakh tonnes. The main reason advanced for the shortfall in capacity creation and capacity utilisation is said to be inadequate supply of power to smelters. The balance demand was met by imports of 1.30 lakh tonnes, at a cost of Rs 200 crore in foreign exchange. According to the aluminium industry, domestic demand will continue to outstrip production throughout the Sixth Plan period: demand will rise from 3 lakh tonnes in 1980-81 to 4.40 lakh tonnes in 1984-85, while production will rise from 2 lakh tonnes in 1980-81 to 3 lakh tonnes in 1984-85, The progressively increasing gap implies larger imports, especially as power supply will in all likelihood continue to be erratic. Ironically, the largest consumer of aluminium are the state electricity boards.

Unequal Exchange and Economic Policies-Some Implications of Neo-Ricardian Critique of Theory of Comparative Advantage

Some Implications of Neo-Ricardian Critique of Theory of Comparative Advantage David Evans Over the last 150 years, there has been an endless stream of critical literature on the theory of comparative advantage. Why should one bother with yet another paper on the subject?

Tendency towards a New International Division of Labour-Worldwide Utilisation of Labour Force for World Market Oriented Manufacturing

Division of Labour Worldwide Utilisation of Labour Force for World Market Oriented Manufacturing Folker Frobel Jurgen Heinrichs Otto Kreye The presently observable worldwide industrial relocation in manufacturing (within the traditional industrial centres and towards the periphery) is the result of a qualitative change of the conditions for capital expansion and accumulation enforcing a new international division of labour. Topose the problem in terms of an absolute fall of the profit rate in the traditional manufacturing centres forcing capital to re- locate part of its production would he quite inadequate. The question to be answered (which is, in fact, answered by the movement of capital) is whether production at the traditional sites of production or production at new sites provides for better expansion and accumulation of capital under "given" conditions.
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