Policies for tin exporters |
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Authors: | John Thoburn |
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Institution: | The author is with the School of Economic and Social Studies, University of East Anglia, Norwich NR4 7TJ, UK |
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Abstract: | The ‘restructuring’ of production and marketing is now an important part of less developed countries' (LDCs) policies to increase their gains from primary commodity exporting. Analysis of structural change in the tin industry shows that considerable increases in real income have been achieved by taxation and by equity restructuring. Specialist foreign tin companies have been replaced in part by major mining multinationals, however, whose bargaining power is stronger. Investment appraisals suggest that foreign companies in Asia have not been taxed excessively, but that more could be done to aid local, labour-intensive mining. |
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