Last edited by Faebei
Sunday, August 2, 2020 | History

4 edition of The economics of barter and countertrade found in the catalog.

The economics of barter and countertrade

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  • 13 Currently reading

Published by Edward Elgar in Cheltenham, UK, Northampton, MA .
Written in English

    Subjects:
  • Countertrade.,
  • Barter.,
  • International trade.

  • Edition Notes

    Includes bibliographical references and index.

    Statementedited by Rolf Mirus and Bernard Yeung.
    SeriesInternational library of critical writings in economics -- 138, Elgar reference collection
    ContributionsMirus, Rolf, 1940-, Yeung, Bernard, 1953-
    Classifications
    LC ClassificationsHF1414.3 .E26 2001
    The Physical Object
    Paginationxxiii, 387 p. :
    Number of Pages387
    ID Numbers
    Open LibraryOL22421101M
    ISBN 101840644389
    LC Control Number2001040454

    The American Countertrade Association estimates that 25 percent of world exports are now bartered. While the rapid growth of such countertrade is well documented, barter between U.S. companies has received little academic attention, in spite of the fact that the International Reciprocal Trade Association estimates that the value of such transactions was over $8 billion in Barter is a structure of countertrade that has been around for thousands of years and continues today. Counterpurchase is a countertrade structure that involves the seller receiving cash contingent on the seller buying local products or services in the amount of (or a percentage of) the cash.

    Countertrade is beneficial to those countries who have liquidity, foreign exchange, and debt problem. The countertrade cause benefit to both buyer and seller. Types of the counter trade are as follows: Barter system: The barter system is the oldest form of trade. The barter system is a one-time exchange of the product for the same price and value. It discusses most common forms of countertrade which include counterpurchase, barter, buy-back, offset and switch trading. Barter trade means direct exchange of goods for goods. Buy-back is a form of barter, in which suppliers of capital plant or equipment agree to .

    Barter (economics) synonyms, Barter (economics) pronunciation, Barter (economics) translation, English dictionary definition of Barter (economics). v. bartered, bartering, barters v. intr. To trade goods or services without the exchange of money. v. tr. To trade without the exchange of money. Countertrade can be undertaken through direct offset, indirect offset, switch trading, counterpurchase, and barter. These methods can be used as the exclusive means of trading in a transaction or.


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The economics of barter and countertrade Download PDF EPUB FB2

The Economics of Barter and Countertrade is a timely collection due to the resurgence of barter and countertrade following the Russian and Asian financial crises. It is an essential reference source for those with an interest in trade and international economic relations.

The Economics of Barter and Countertrade: 24 Articles, Dating from to (International Library of Critical Writings in Economics) [Rolf Mirus, Bernard Yeung] on *FREE* shipping on qualifying offers.

Countertrade is a more common phenomenon than many people realise, especially in East-West and North-South trade. Yet. Twenty-three papers from business and economic journals discuss forms of countertrade, transactional difficulties, moral hazards and quantity stipulations, risk sharing, price discrimination, policy implications, managerial aspects, and domestic barter.

The collection traces the development of Price: $   Barter is the act of trading goods or services between two or more parties without the use of money (or a monetary medium, like a credit card). In essence, bartering involves the provision of Author: Will Kenton.

Countertrade, offsets, and barter in international political economy [Hammond, Grant Tedrick] on *FREE* shipping on qualifying offers. Countertrade, offsets, and barter in international political economyCited by: In trade, barter (derived from baretor) is a system of exchange where participants in a transaction directly exchange goods or services for other goods or services without using a medium of exchange, such as money.

Economists distinguish barter from gift economies in many ways; barter, for example, features immediate reciprocal exchange, not delayed in time.

Countertrade ('barter', in particular) is also performed with the purpose of facilitating dumping (Banks, ). It seems to allow local firms to continue trading when their availability of.

Get this from a library. The economics of offsets: defence procurement and countertrade. [Stephen Martin;] -- Despite their growth, outlined and analysed in this book, the claims and counter-claims that surround offsets have not been subjected to critical scrutiny by economists.

This book fills that gap. Offsets, or work-sharing arrangements, are frequently requested by governments when buying foreign defence equipment. Under an offset the vendor agrees to place work to a set value with firms in the buying country.

Although popular, controversy surrounds their impact. Some claim that offsets create jobs and enhance the defence industrial base. Barter The trading/exchange of goods or services without using currency.

Barter To trade one item for another of roughly equal value. That is, bartering occurs without a medium of exchange like money. For example, one may trade 10 apples for 10 oranges.

Bartering exists in all societies, though it is less common than monetary transactions. See also. Abstract. International countertrade – tying an import to an export – emerged in the s in response to the international debt crisis.

Barter – the exchange of goods without using money – re-emerged in transition economies in the s, in response to a domestic debt crisis. Barter may be a way to reduce tax bill because barter exchange may not end up on tax bills. Though in the US, barter exchange has to be registered.

Hyper inflation and Barter Economy. Hyper inflation is extreme examples of inflation where prices skyrocket, and the value of money becomes worthless. Countertrade is an international commercial transaction in which the seller agrees to receive goods or services as partial or total settlement for goods or services delivered.

In its simplest form, countertrade is a barter or a one-time swap of goods or services without cash payment. The book studies the barter situation from beginning to end, discussing first why barter has become an attractive alternative to traditional currency transactions.

Next the book presents case studies of how public and private organizations have employed barter and countertrade. Barter in the World Economy by Bart S.

Fisher,available at Book Depository with free delivery worldwide. An institutional approach to explaining countertrade and barter in international trade and domestic trade in transition economies. Difficulties in contract enforcement impede international transactions in the world economy and domestic transactions in transition economies.

In Contracts in Trade and Transition, Dalia Marin and Monika Schnitzer explain how barter as an economic institution can.

Despite their growth, outlined and analysed in this book, the claims and counter-claims that surround offsets have not been subjected to critical scrutiny by economists.

This book fills that gap. It brings together a team of internationally renowned specialists to document and evaluate the economic impact of several countries' offset policies.

Home > Academic > Politics & International Relations > Political Economy > Countertrade, Offsets, and Barter in International Political Economy Academic Politics & International Relations. The Economics and Politics of Countertrade The Economics and Politics of Countertrade Banks, Gary Footnotes 1 This article is the personal responsibility of the author and in no respect implicates the Secretariat of the General Agreement on Tariffs and Trade (GATT).

Helpful comments from Jan Tumlir and Richard Blackhurst on an earlier draft are gratefully acknowledged. The Tuesday Barter Report is written by Bob Meyer, Editor of BarterNews. Every issue includes the column, From The Desk of Bob Meyer, as well as reporting on happenings in the world of barter.

Countertrade exists in a variety of forms,29 and the most common ones are: simple barter, counterpurchase, compensation (buy back), and offset. Simple Barter Although the term "barter" is often used to describe all types of countertrade, as has already been mentioned, simple barter refers to the classical barter which is bound by.- Explore cammiemeza's board "Barter and Trade", followed by people on Pinterest.

See more ideas about Barter, Economics lessons, Social studies pins."The Structure of Exchange in Barter and Monetary Economies," The Quarterly Journal of Economics, Oxford University Press, vol.

86(2), pages Weigand, Robert E., " Barters and buy-backs: Let Western firms beware!