International Commodity Markets and the Role of Cartels

International Commodity Markets and the Role of Cartels details the structure of international commodity markets, focusing on trends in production and pricing since 1970. The author examines the role of cartels in stabilizing commodity prices, as well as the factors that eventually led to the demise of collusive agreements in the coffee, tin, cocoa, aluminum (bauxite), rubber, sugar, and petroleum markets. He also analyzes the effect that variable and declining commodity prices had upon growth in the developing and developed worlds and discusses the extent to which speculative trading may have led to greater viability. Finally, LeClair explores how declining proven reserves of critical resources may influence commodity markets in the twenty-first century. (Back cover)


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