Price Policies and Economic Growth

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Understanding price structures is crucial for developing policies that foster economic growth and productivity. The book delves into price formulation under nonmarket and imperfect market conditions, linking exchange rates and domestic prices to various factors influencing economic development. It explores primary commodity price formation, revealing that the surge in oil prices during the 1970s was largely unrelated to the Latin American debt crisis or the subsequent global recession. Additionally, it introduces new analytical techniques alongside traditional methods used in price comparison studies.