Commodity Policies: Problems and Prospects
In: Routledge Library Editions: Commodities Series v.5
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 -- The Issues of Debate -- Agricultural Protectionism -- Tariff Escalation -- The Problem of Food -- Food Prospects -- Trends in Trade in Food -- Food Security -- Commodity Market Instability -- 2. Primary Commodity Trade Today -- The Commodity Structure of Trade: Recent Trends -- Factors Involved in the Declining Share of LDCs in Non-Oil Commodity Exports -- Trade Among Developing Countries and Trade with the Centrally Planned Economies -- The Industrial Nations and Trade in Commodities -- Conclusion -- 3. The Long-Term Issues -- Long-Term Trends in the Terms of Trade Between Primary Commodities and Manufactures -- Theoretical Considerations -- Analysis of Historical Trends -- Review of Commodity Projections -- The World Bank Projections -- Other Projections -- Conclusion -- 4. Commodity Market Instability -- The Measurement of Instability -- Commodity Instability: Historical Evidence -- Commodity Instability: Causes -- Causes of Earnings Instability: Theoretical Considerations -- Causes of Earnings Instability: Empirical Evidence -- Policy Implications -- Commodity Instability: Consequences -- Theoretical Considerations -- Review of Evidence -- Concluding Remarks on Consequences of Instability -- 5. Policies for Dealing with Primary Commodity Instability -- The Integrated Programme for Commodities (IPC) -- The Common Fund -- International Commodity Agreements -- Price Fluctuations and Buffer Stock Results -- The Tin Crisis of October 1985 -- Conclusions -- The Compensatory Financing Facility (CFF) of the IMF -- The EEC Stabex Scheme -- Proposals for an Additional Compensatory Financing Scheme.