Commodity Supply Management by Producing Countries

A Case-Study of the Tropical Beverage Crops

By: Alfred Maizels, Robert Bacon, George Mavrotas

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Hardcover | 1 June 1997

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Hardcover
256 Pages

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22.86 x 14.61 x 1.91

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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.

Industry Reviews

`This has important implications for current international commodity policy.' CAB Abstracts ...this is a fine monograph and its publication will be welcomed by both students and researchers alike. - David Sapsford. Economic Journal. September 1998.

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You Can Find This Book In

Non-Fiction Accounting & Finance Finance Investment & Securities Commodities & Trading Industry & Industrial Studies Primary Industries Agriculture & Related Industries Engineering & Technology Agriculture & Farming Tropical Agriculture Practice & Techniques Economics

Microeconomics Development Economics & Emerging Economies International Economics International Trade Econometrics

List of Figures	p. ix
List of Tables	p. xi
List of Abbreviations	p. xv
Introduction	p. 1
World Market Trends and Supply Management Options	p. 5
The International Economic Background	p. 7
Problems of the World Markets for Tropical Beverages	p. 21
International Remedial Action	p. 43
Supply Management Options	p. 57
Supply Management Simulations	p. 67
Summary of Findings and Policy Implications	p. 93
Econometric Analysis	p. 103
The World Cocoa Market	p. 105
Annexe The Demand for Chocolate and the Demand for Cocoa	p. 140
The World Coffee Market	p. 143
The World Tea Market	p. 171
Statistical Appendix	p. 193
References	p. 225
Index	p. 229
Table of Contents provided by Publisher. All Rights Reserved.

Commodity Supply Management by Producing Countries

A Case-Study of the Tropical Beverage Crops

At a Glance

Hardcover

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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