Commodity Supply Management by Producing Countries: A Case-Study of the Tropical Beverage Crops (WIDER Studies in Development Economics) - Hardcover

Maizels, Alfred; Bacon, Robert; Mavrotas, George

Hardcover

ISBN 10: 0198233388 ISBN 13: 9780198233381

Publisher: OUP Oxford, 1997

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.

About this title

Review

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.

Edition details

• Publisher: OUP Oxford
• Publication date: 1997
• Language: English
• ISBN 10: 0198233388
• ISBN 13: 9780198233381
• Binding: Hardcover
• Number of pages: 256