Book
Commodity Supply Management by Producing Countries

A Case-Study of the Tropical Beverage Crops

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.

Table of contents
  1. Part I
    The International Economic Background
    Alfred Maizels, Robert Bacon, George Mavrotas
  2. Part I
    Problems of the World Markets for Tropical Beverages
    Alfred Maizels, Robert Bacon, George Mavrotas
  3. Part I
    International Remedial Action
    Alfred Maizels, Robert Bacon, George Mavrotas
  4. Part I
    Supply Management Options
    Alfred Maizels, Robert Bacon, George Mavrotas
  5. Part I
    Supply Management Simulations
    Alfred Maizels, Robert Bacon, George Mavrotas
  6. Part I
    Summary of Findings and Policy
    Alfred Maizels, Robert Bacon, George Mavrotas
  7. Part II
    The World Cocoa Market
    Alfred Maizels, Robert Bacon, George Mavrotas
  8. Part II
    The World Coffee Market
    Alfred Maizels, Robert Bacon, George Mavrotas
  9. Part II
    The World Tea Market
    Alfred Maizels, Robert Bacon, George Mavrotas
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