International Commodity Markets and the Role of Cartels
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A01=Mark S. LeClair
agreement
ATOs
Author_Mark S. LeClair
buffer
Buffer Stock
cartel formation analysis
Cartel Members
Category=KCL
Category=KFFM
Category=KN
cocoa
coffee
collusive
Collusive Agreements
commodity market regulation strategies
Commodity Price Inflation
Commodity Price Instability
Commodity Yearbook
CRB
developing nations economics
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial
Futures Contracts
Gdp Result
International Cocoa Agreements
International Monetary Fund
Ivory Coast
Lome IV
Met- Ric Tons
Natural Rubber Market
NRA
Oil Price Hike
Petroleum Inputs
price stabilization mechanisms
Price Variability
prices
primary commodity exports
raw materials trade policy
Real Gdp
resource-dependent economies
Sic Code
STABEX Funding
statistics
stocks
Successful Cartelization
Uranium Cartel
yearbook
Product details
- ISBN 9780765605177
- Weight: 453g
- Dimensions: 152 x 229mm
- Publication Date: 31 Jan 2001
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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The phenomenon of collusive international agreements (cartels) became widespread in the 1930s. At that time, attempts to control production and prices were mainly the prerogative of multinational firms operating in the developing (then colonized) world. The "modern era" of cartels began in the 1960s, when the governments of developing nations began to participate in commodity agreements to achieve increases and stability in the world price of their commodities. This book is principally concerned with the modern era of cartels. It goes beyond the singular example of petroleum and OPEC to examine the structure of international commodity markets for bauxite (aluminum ore), cocoa, coffee, rubber, sugar, and tin, and the conditions that led to the formation of cartels in those markets during the latter half of the twentieth century. Specifically, the work focuses on four major aspects of international commodity markets: patterns of production and consumption; economic dislocations to both importers and exporters due to price fluctuations; the formation of cartels as a solution to weak and variable commodity prices; and the likely effects arising from tightening raw material markets. The book concludes with a detailed examination of what the future holds for each of the cartels, and what role technology, 24-hour market trading, and decreasing foreign direct investment in producing countries will have on the management of commodity markets.
