Commodity Supply Management by Producing Countries

- A Case-Study of the Tropical Beverage Crops

af

indgår i serie Wider Studies in Development Economics


Commodity Supply Management by Producing Countries
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Format:
Bog, hardback
Udgivelsesdato:
01-06-1997
Sprog:
Engelsk
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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 forcurrent international commodity policy, and, in particular, for future joint action by producing countries to overcome persistent commodity surpluses as a complement to needed diversification.

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Udgivelsesdato:
01-06-1997
ISBN13:
9780198233381
Vægt:
459 g
Dybde:
20 mm
Bredde:
144 mm
Højde:
224 mm
Format:
Hardback
Bibliotekernes beskrivelse The collapse in commodity prices since 1980 have been a major cause of the economic crisis in a large part of the Third World. This book demonstrates, using new econometric models, that the producing countries could have prevented this price collapse by appropriate supply management. line figures, tables

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