International commodity agreements: The role of consuming nations |
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| Authors: | Michael Rieber |
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| Institution: | Professor of Mineral Economics, Department of Mining and Geological Engineering, College of Mines, The University of Arizona, Tuczon, AZ, USA |
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| Abstract: | Consuming nations and industry segments within them play a crucial role in the success of commodity agreements. For individual firms the desirability of the agreements is seen to depend on the form of the agency agreement and the competitive position of the firm in both the domestic and world market. Both the benefits and costs to producing and consuming nations are analysed. The mechanism of the agreements is analysed as well as the problems that lead to their limitation or termination. |
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| Keywords: | Commodity agreements Consumers Free trade |
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