Journal Article The Impact of Alternative Government Policies under Varying Exchange Systems: Comment Get access Michael Michaely Michael Michaely Hebrew University of Jerusalem and National Bureau of Economic Research Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 82, Issue 3, August 1968, Pages 508–510, https://doi.org/10.2307/1879522 Published: 01 August 1968

T HE of a country in world is understood conventionally as the ratio of the country's to world trade. For a few important purposes, however, this concept is inadequate. This is the case, for example, in considering the relation between the in world and the monopolistic or monopsonistic power of nations, or the effects of the size of a country's on its proper course of development or on the probable outcome of a devaluation, to name a few.' The purpose of the present study is to define a more appropriate concept of share in world trade for these occasions, to measure it for as many countries as possible, to distinguish its components, and to discuss major factors by which they are affected.