Commodity Policies

Problems and Prospects

Alasdair I. MacBean, D. T. Nguyen, D. T. T. Nguyen

• Publisher: Routledge
• Year: 2024
• Print ISBN: 9781032694016
• eBook ISBN: 9781003846895
• Topic: Business
• Subtopic: Development Economics
• Index: Business

Originally published in 1987, this book discusses the key issues concerned with primary commodity trade worldwide. Primary commodities are crucially important for many developing countries because very often exports in just one or two primary commodities form the sole source of income for a developing country. Developing countries need above all stability in primary commodities trade to guarantee their future development. This book examines patterns of trade, changing demand and the effects of fluctuations in spot and futures markets. It analyses theories put forward to explain the problems and it reviews the research of the many international organisations which are concerned with the problems. It examines the international agreements and bodies which have been set up to stabilise trade and assesses the performance of these agreements and organisations.

Table of contents

• Cover
• Half Title
• Title Page
• Copyright Page
• Original Title Page
• Original Copyright Page
• Table of Contents
• List of Tables and Figures
• Dedication
• List of Abbreviations
• Editorial Statement
• Preface
• 1. The Main Issues
• 2. Primary Commodity Trade Today
• 3. The Long-term Issues
• 4. Commodity Market Instability
• 5. Policies for Dealing with Primary Commodity Instability
• 6. Prospects and Policies for the 1990s
• 7. Summary of Findings
• Appendix A Application of Component Analysis
• Appendix B Extended Johnson Model
• Appendix C Projections Beyond 2000
• Appendix D Mean and Variance of a Log-normal Variable
• Appendix E Three Simple Market Models
• Appendix F The Model
• Appendix G An Integrated Actuals and Futures Model
• Appendix H Commodity Model Used in Simulation Experiments
• Appendix I Instability and Concentration Indices of Developing Countries 1962-71
• Bibliography
• Index