Falklands Crisis Research Articles

The Falklands crisis in the United Nations, 31 March–14 June 1982

Journal Article The Falklands crisis in the United Nations, 31 March–14 June 1982 Get access Anthony Parsons Anthony Parsons Search for other works by this author on: Oxford Academic Google Scholar International Affairs, Volume 59, Issue 2, Spring 1983, Pages 169–178, https://doi.org/10.2307/2619933 Published: 01 April 1983

Lessons of the Falklands Crisis?

Lessons of the Falklands Crisis?

Bearish mood on world commodity markets

For two years now the international raw materials markets have been characterised by a lasting slump. The weak and short-lived reactions to the Falklands crisis and to the intensification of hostilities between Israel and its Arab neighbours are indicative of the situation. During this year's summer months prices on markets for industrial raw materials and food and tropical beverages hit their lowest level since spring 1978. What are the prospects for the development of raw materials prices?

Summary and Appraisal

The domestic forecasts, which were finalised in the second week of May, make no allowance for the economic repercussions of the Falklands crisis, which have been small so far. The direct impact on total UK trade of the embargo on exports to Argentina will be negligible (see page 36). Although other effects, such as those working through a higher level of defence expenditure or the state of confidence in financial markets, are potentially of greater importance, these are impossible to predict at the time of writing.