Chapter

Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers

Christopher L. Gilbert and Panos Varangis

in Challenges to Globalization

Published by University of Chicago Press

Published in print April 2004 | ISBN: 9780226036151
Published online February 2013 | e-ISBN: 9780226036557 | DOI: http://dx.doi.org/10.7208/chicago/9780226036557.003.0005
Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers

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This chapter explores one case of primary-commodity liberalization in some detail: cocoa in West Africa. It is organized as follows. Section 4.2 discusses the economics of liberalization, while Section 4.3 highlights certain aspects of the world cocoa market, particularly in relation to market liberalization. Section 4.4 looks at the direct consequences of liberalization and globalization in the world cocoa market. Section 4.5 presents a world cocoa market model; Section 4.6 indicates the beneficiaries of market liberalization based on the results of the model simulations; and Section 4.7 concludes. A commentary is also included at the end of the chapter.

Keywords: primary-commodity liberalization; cocoa market; West Africa; market liberalization; globalization

Chapter.  13014 words.  Illustrated.

Subjects: International Economics

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