Whither Commodity-based Trade?

Food Commodity Trade

The level of price volatility should theoretically be confined to export parity price levels at the lower end and import parity price levels at the upper end of the price band, reflecting supply and demand conditions during surplus and deficit marketing seasons respectively. A greater gap between these export and import parity prices will reflect high marketing costs, often representing high tr...

Trade and International Commodity Programs

The search for solutions to problems in international commodity trade has been more actively pursued during the past five years than at any previous time in history. Long negotiations in the Kennedy Round were aimed both at tariff questions and at establishing international commodity arrangements. The need for improved commodity trading arrangements was emphasized by developing countries at the...

Proliferating Regional Trade Agreements in East Asia: Why and Whither?

Searching for sustainable regional trade agreements (RTAs) for East Asia, we quantitatively evaluated the likely impact of proposed East Asian RTA strategies─(i) the AFTA (a being-leftalone strategy), (ii) an ASEAN Hub RTA (a hub-and-spoke type of overlapping RTA strategy), (iii) the AFTA vs a China-Japan-Korea RTA (a duplicating or competing RTA strategy), (iv) an ASEAN+3 RTA (an expansionary ...

Multinetwork of international trade: a commodity-specific analysis.

We study the topological properties of the multinetwork of commodity-specific trade relations among world countries over the 1992-2003 period, comparing them with those of the aggregate-trade network, known in the literature as the international-trade network (ITN). We show that link-weight distributions of commodity-specific networks are extremely heterogeneous and (quasi) log normality of agg...

The multi - network of international trade : A commodity - specific analysis