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Challenges to GlobalizationAnalyzing the Economics$
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Robert E. Baldwin and L. Winters

Print publication date: 2004

Print ISBN-13: 9780226036151

Published to Chicago Scholarship Online: February 2013

DOI: 10.7208/chicago/9780226036557.001.0001

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

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

Chapter:
(p.131) 4 Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers
Source:
Challenges to Globalization
Author(s):

Christopher L. Gilbert

Panos Varangis

Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226036557.003.0005

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

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