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

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Alfred Maizels (Senior Associate, Queen Elizabeth House, Senior Associate, Queen Elizabeth House, Oxford University) Robert Bacon (Fellow in Economics, Fellow in Economics, Oxford University)

Commodity Supply Management by Producing Countries

A Case-Study of the Tropical Beverage Crops

Alfred Maizels (Senior Associate, Queen Elizabeth House, Senior Associate, Queen Elizabeth House, Oxford University), Robert Bacon (Fellow in Economics, Fellow in Economics, Oxford University), George Mavrotas (Queen Elizabeth House, Queen Elizabeth House, Oxford University) , George Mavrotas

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English

Oxford University Press
10 July 1997

Microeconomics; Econometrics; International trade; Development economics; Commodities

Series: WIDER Studies in Development Economics

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.

By: Alfred Maizels (Senior Associate Queen Elizabeth House Senior Associate Queen Elizabeth House Oxford University), Robert Bacon (Fellow in Economics, Fellow in Economics, Oxford University), George Mavrotas (Queen Elizabeth House, Queen Elizabeth House, Oxford University), George Mavrotas
Imprint: Oxford University Press
Country of Publication: United Kingdom
Dimensions: Height: 224mm, Width: 144mm, Spine: 20mm
Weight: 459g
ISBN: 9780198233381
ISBN 10: 0198233388
Series: WIDER Studies in Development Economics
Pages: 256
Publication Date: 10 July 1997
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

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

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.