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COMMODITY SUPPLY MANAGEMENT BY PRODUCING COUNTRIESA Case-Study of the Tropical Beverage Crops$
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Alfred Maizels, Robert Bacon, and George Mavrotas

Print publication date: 1997

Print ISBN-13: 9780198233381

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198233381.001.0001

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Introduction

Introduction

Chapter:
(p.1) Introduction
Source:
COMMODITY SUPPLY MANAGEMENT BY PRODUCING COUNTRIES
Author(s):

Alfred Maizels

Robert Bacon

George Mavrotas

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198233381.003.0001

Initially, the international commodity markets experienced high short-term price instability. Although there still were important commodities that showed short-term instability, real commodity prices underwent a downward trend that began in 1980. This change had a number of negative effects particularly in terms of the export earnings, foreign debt size, and the ability to obtain substantial progress of developing countries. To evolve a set of measures for raising depressed commodity prices and commodity export earning levels, negations between developing and developed countries had to be prioritized. This chapter highlights the fact that these measures are crucial in formulating an international strategy for improving and hastening the development process particularly for low income countries and those dependent on commodities.

Keywords:   international commodity market, developed countries, developing countries, commodity, development, export earnings, foreign debt, short-term instability

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