Commodity Supply Management by Producing Countries : A Case-Study of the Tropical Beverage Crops

Maizels, Alfred; Bacon, Robert William; Mavrotas, George

ISBN 10: 0198233388 / ISBN 13: 9780198233381

Edité par Oxford University Press, 1997

A propos de cet article

N° de réf. du vendeur 78585-n

Détails bibliographiques

• Titre: Commodity Supply Management by Producing Countries : A Case-Study of the Tropical Beverage Crops
• Éditeur: Oxford University Press
• Date de parution: 1997
• Langue: anglais
• ISBN à 10 chiffres: 0198233388
• ISBN à 13 chiffres: 9780198233381
• Reliure: Couverture rigide
• État de l'article: New

A propos de ce titre

Synopsis

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.