Commodity Supply Management by Producing Countries - A Case-Study of the Tropical Beverage Crops (Hardcover)

The collapse in commodity prices since 1980 has been a major cause of the economic crisis in a large number of developing countries. This book investigates whether the commodity-producing countries, by joint action, could have prevented the price collapse by appropriate supply management. The analysis is focused on the markets for the tropical beverage crops: coffee, cocoa, and tea. Using new econometric models for each market, the impact of alternative supply management schemes on supply, consumption, prices, and export earnings is simulated for the later 1980s. The results indicate that supply management by producing countries would, indeed, have been a viable alternative to the `free market' approach favoured by the developed countries. This has important implications for current international commodity policy, and, in particular, for future joint action by producing countries to overcome persistent commodity surpluses as a complement to needed diversification.

General

Imprint:	Oxford UniversityPress
Country of origin:	United Kingdom
Series:	WIDER Studies in Development Economics
Release date:	July 1997
Authors:	Alfred Maizels (Senior Associate, Queen Elizabeth House) • Robert Bacon (Fellow in Economics) • George Mavrotas (Queen Elizabeth House)
Dimensions:	224 x 144 x 20mm (L x W x T)
Format:	Hardcover
Pages:	256
ISBN-13:	978-0-19-823338-1
Categories:	Books > Business & Economics > Economics > Development economics Books > Business & Economics > Economics > Microeconomics > General Books > Business & Economics > Economics > Econometrics > General Books > Business & Economics > Economics > International economics > International trade > General Books > Business & Economics > Finance & accounting > Finance > Investment & securities > Commodities Books > Money & Finance > Investment & securities > Commodities Promotions
LSN:	0-19-823338-8
Barcode:	9780198233381

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