What Is Junior Issue?

A primary product is a product that has been used as a means of labor or object to continue production after one or more processings of the primary product. Intermediate products are intermediate forms in which primary products are transformed into final products. The purpose of producing intermediate products is to make the primary products gradually processed into final products. In the production process, goods and raw materials often have to be transferred from one producer to another, or from one place to another, thus going through multiple stages of production and consumption. Goods and raw materials at all stages of production and consumption are intermediate products. ^[1]

primary product

Primary products, also known as original products. Refers to products that have not been processed or are slightly processed due to sales habits, such as natural rubber, crude oil, iron ore and other agricultural, forestry, animal husbandry and fishery products. Refers to products that people obtain directly from nature through labor, which are yet to be further processed or have been simply processed. Primary products are mainly agricultural, forestry, animal husbandry, fishing, mining products, such as ores, concentrates,

The continued growth in East and South Asia and the recovery in other regions of the developing world are likely to sustain demand for primary commodities, nevertheless, the price of primary commodities is volatile and relative to the prices of manufactured goods, especially those of developed countries. The basic problem of the long-term trend of real value deterioration has not been resolved. Therefore, developing countries must not be complacent about industrialization and diversification. One danger that exists is that the elementary

Primary products and

Once Implied Import Strategy

What kind of trade strategy has China pursued? There is much debate in this field. One of the arguments is that China's foreign trade is

Trade strategy in which agricultural products and resource products are exported in exchange for foreign exchange, and capital is accumulated to purchase foreign industrial products.

Background: Domestic: The newly independent Southeast Asian countries have two "historical heritages" in economy. First, they have relatively abundant natural resources and have been exporting these resource products to developed countries for a long time. Southeast Asian countries have historically Yes

(1) The expansion of the production and export of primary products has increased the fiscal revenue and foreign exchange revenue of Southeast Asian countries, and has also promoted the prosperity of some service or auxiliary industries. Thereby promoting the development of the overall economy

(2)

The strategy for the development of the export of primary products was actually adopted as a last resort for the backward countries that had suffered colonial rule for a long time, and had suffered from unfavourable international division of labor and unequal international economic relations after independence.

(1) The primary product production sector developed for export is often a "enclave" in the economic development of backward countries. It does not integrate with the national economy of the country and cannot drive other sectors to achieve substantial development. Will form or exacerbate deformed economic structures. It is also impossible to rely on the production and export of a single product to promote the modernization of production technology and the improvement of production efficiency in a wide range of economic fields. Take Thailand as an example. In the early 1950s, Thailand's industrial level was very low. The manufacturing industry accounted for only 10.3% of the national GDP in 1951, while rice-based agricultural economy accounted for 50.1% of the national GDP. The population accounts for 88% of the total population, and the agricultural economy takes a leading position.

(2) The economic development of Southeast Asian countries is often constrained by the world market. The biggest characteristic of the export trade of primary products is that its export volume is controlled by the requirements of the industrial world. The export of primary products is greatly affected by the demand and price changes in the international market. However, the level of imports is inevitably linked to the level of national economic growth. In addition, domestic consumption is dependent on imports from developed countries. Industrialization and agriculturalization plans require increased imports of machinery and equipment and fertilizers, so economic growth is bound to cause an import structure. The transformation from the need to meet the demand for private consumption to the demand for capital goods and intermediate goods is to form an import model with lower former and higher latter. As a result, these countries have become increasingly dependent on world markets, especially the United States, Europe and Japan, for their imports of manufactured goods. From ordinary food, clothing, toys to automobiles, appliances, machinery, computer chips, etc., in addition to the cheap labor of their own country, they are foreign capital and technology. For example: In the early 1950s, 70% of rubber plantations and more than 60% of tin products in Malaysia were controlled by foreign companies, and 60% to 70% of exports and 75% of imports were also controlled by foreign companies.