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The book is composed of a series of case studies. The countries included reflect the interest and experience of the authors who collaborated in preparing the volume. No attempt was made to provide representative coverage based upon a comprehensive classiftcation of countries, which is why there are no chapters dealing with such exporters as Argentina or Thailand or importers such as Egypt or Japan. Despite the somewhat eclectic geographical mix, many of the fundamental issues that face the North and the South, both individually and collectively, are illustrated by the case countries. We would argue that there is much to be learned about the effective implementation of policy choices and the constraints that policymakers face by looking at individual country experiences, rather than by attempting to generalize on the basis of an abstract theoretical framework There is a dearth of information on what countries actually do in managing domestic grain markets.
Grain is one of the world's most important staple commodities and one of the most hotly contested. With ever present malnutrition and starvation in many regions contrasting with huge agricultural surpluses in richer areas, it comes as no surprise that grain features highly in both human welfare and global trading issues.In the second edition of this book, Michael Atkin examines the political and economic dynamics of the international trade, explaining to the reader how the industry works and producing an understanding of the many ironies that are apparent in the trade of this vital commodity. This edition also takes into account a number of recent developments that have affected, or promise to affect, the grain trade such as the collapse of the USSR and the completion of the Uruguay Round at GATT.The book introduces the grain market to those who have not yet made its acquaintance and makes an excellent quick reference source for the better informed, providing a comprehensive insider's view of the trade.The international grain trade is an essential desk top reference to every aspect of the market for producers, traders, brokers, institutional investors and students.
The mood of the international grain market changed remarkably in the decade before this book was originally published in 1986. In the early 1970s, which were years of buoyancy and high prices, the concern was with feeding the starving millions and subsequently, in the United states, with the use of the grain embargo weapon to put pressure on the Soviet Union. In the mid-1980s, after a long period in which the recession kept prices down, the climate was much gloomier. The book considers the state of the major supplier countries and their particular problems. It charts the changes in the market and discusses major issues of international concern. It concludes by surveying prospects for the market.
This book provides a detailed review of recent and likely future developments in worldwide wheat markets among major exporting and importing countries. Country specific issues are examined fr Russia and China, whose role in world wheat markets has changed rapidly over the last decade, and for major exporting countries, including the USA, European Union, Canada, Argentina and Australia. The effects of international trade agreements are examined. The book describes the kay economic issues as well as techniques used to analyse wheat commodity market behavior.