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Exchange rates and pricing: impacts on national economies, food consumption, and agriculture



Exchange rates and pricing: impacts on national economies, food consumption, and agriculture



1988 World Food Conference proceedings Volume II: issue papers: 77-89



A nation's real exchange rate is the ratio of the price of its tradeable goods and services to the prices of its nontradeable goods and services, where tradeable goods and services refer to exports and import-competing sectors. This 'price' plays an important role in the allocation of resources within the economy between the tradeable and nontradeable sectors.

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