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Globalization and international commodity trade with specific reference to the west African cocoa producers

Author: C L Gilbert; Panayotis N Varangis; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, ©2003.
Series: Working paper series (National Bureau of Economic Research), no. 9668.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: Liberalization of tropical agricultural markets has brought globalization, in the sense that all producers now face world rather than domestic prices. Producer prices have tended to rise as a share of fob prices as intermediation costs and tax has declined. However, in conjunction with inelastic demand, the downward shift of the aggregate supply curve results in lower world prices. Farmers therefore get a  Read more...
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Additional Physical Format: Print version:
Gilbert, C.L.
Globalization and international commodity trade with specific reference to the west African cocoa producers.
Cambridge, Mass. : National Bureau of Economic Research, ©2003
(OCoLC)52363688
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: C L Gilbert; Panayotis N Varangis; National Bureau of Economic Research.
OCLC Number: 52758738
Notes: "April 2003."
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (40 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), no. 9668.
Responsibility: Christopher L. Gilbert, Panos Varangis.

Abstract:

Abstract: Liberalization of tropical agricultural markets has brought globalization, in the sense that all producers now face world rather than domestic prices. Producer prices have tended to rise as a share of fob prices as intermediation costs and tax has declined. However, in conjunction with inelastic demand, the downward shift of the aggregate supply curve results in lower world prices. Farmers therefore get a higher share of a lower price. Cocoa is the market where these changes have been most pronounced. The incidence of the liberalization benefits in cocoa is largely on developed country consumers at the expense of the governments of the exporting countries and farmers in non-liberalizing (non-African) countries. Farmers in liberalized African markets are broadly neither better nor worse off.

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