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9780198233381

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

by ; ;
  • ISBN13:

    9780198233381

  • ISBN10:

    0198233388

  • Format: Hardcover
  • Copyright: 1997-10-02
  • Publisher: Oxford University Press

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Summary

The collapse in commodity prices since 1980 has 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.

Table of Contents

List of Figures
ix(2)
List of Tables
xi(4)
List of Abbreviations xv
Introduction 1(6)
PART I. WORLD MARKET TRENDS AND SUPPLY MANAGEMENT OPTIONS 7(98)
1. The International Economic Background
7(14)
1.1. Recent Trends in International Commodity Trade
7(7)
1.2. The Continuing Impasse in International Commodity Policy
14(2)
1.3. Producer-only Supply Management
16(5)
2. Problems of the World Markets for Tropical Beverages
21(22)
2.1. Underlying Economic Problems
21(4)
2.2. The Cocoa Market
25(4)
2.3. The Coffee Market
29(7)
2.4. The Tea Market
36(7)
3. International Remedial Action
43(14)
3.1. The International Cocoa Agreements
45(3)
3.2. The International Coffee Agreements
48(5)
3.3. International Negotiations on Tea
53(4)
4. Supply Management Options
57(10)
4.1. Alternative Approaches to Supply Management
59(4)
4.2. Other Possible Mechanisms
63(4)
5. Supply Management Simulations
67(26)
5.1. Cocoa
68(9)
5.2. Coffee
77(8)
5.3. Tea
85(8)
6. Summary of Findings and Policy Implications
93(12)
6.1. Main Findings
93(6)
6.2. Policy Implications
99(6)
PART II. ECONOMETRIC ANALYSIS 105(92)
7. The World Cocoa Market
105(38)
7.1. The Demand for Cocoa
105(8)
7.2. The Supply of Cocoa
113(12)
7.3. The Determination of Cocoa Prices
125(7)
Annexe: The Demand for Chocolate and the Demand for Cocoa
132(11)
8. The World Coffee Market
143(28)
8.1. The Demand for Coffee
143(10)
8.2. The Production of Coffee
153(7)
8.3. Prices and Market-Clearing
160(11)
9. The World Tea Market
171(26)
9.1. The Demand for Tea
171(4)
9.2. The Supply of Tea
175(6)
9.3. The Determination of Tea Prices
181(3)
Annexe: A Model of Import Shares
184(13)
STATISTICAL APPENDIX 197(28)
A. Estimated Equations for the Econometric Models 197(24)
B. Simulation Results 221(4)
References 225(4)
Index 229

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