International Commodity Policy

A Quantitative Analysis

Roland Herrmann, Kees Burger, Hidde P. Smit

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Hardback

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English

Routledge
01 April 2023

International trade; Agriculture & related industries

Series: Routledge Revivals

Originally published in 1993, this book provides an excellent analysis of commodity policies internationally during the late 20th Century. It discusses 2 major methods of market regulation: price stabilization – based on buffer stocks or export quotas – and compensatory finance. The authors analyse whether major commodity policies have reached their primary objectives and to what extent they have had economic side effects. Discussion of more general policy issues centres around three international commodity agreements for coffee, rubber and cocoa. The authors also look at the policies adopted by individual nations to regulate commodity trading and assess to what extent they have reached their objectives. A discussion of the intervention of the International Monetary Fund and STABEX assesses the degree of stability they can provide in a highly volatile and variable environment. Nearly 30 years later, volatile world commodity markets are still a major issue in the policy dialogue. Although topics, policy instruments and concepts have changed, this book remains a fundamental contribution to the study of international commodity policy. It will be of great interest to students of commodity policy and economic development and economists in national and international organizations dealing with market stabilization.

By: Roland Herrmann, Kees Burger, Hidde P. Smit
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 216mm, Width: 138mm,
Weight: 476g
ISBN: 9781032459042
ISBN 10: 1032459042
Series: Routledge Revivals
Pages: 322
Publication Date: 01 April 2023
Audience: College/higher education , Primary
Format: Hardback
Publisher's Status: Active

Roland Herrmann is Professor Emeritus of Agricultural and Food Market Analysis at Justus Liebig University, Giessen, Germany. Kees Burger, 1950-2016, was Associate Professor of Development Economics at Wageningen University and Research, Wageningen, Netherlands. Hidde P. Smit is an Independent Consultant on Analysis and Forecasts for the Rubber Economy. He was Secretary General of the International Rubber Study Group in London and Singapore (2005 – 2009) and Head of the Economic Research Division of the Economic and Social Institute, Free University Amsterdam (1995-2004).