International Commodity Agreements and the New International Economic Order
DeRose, Christopher M.
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The question addressed by this paper is why, given the historical and economic evidence against the Integrated Programme for Commodities, do a majority of the countries of the world still advocate its establishment? This paper is organized to address this question in the following manner: chapter one outlines the historical developments in commodity control schemes from 1900 until 1945; chapter two describes the evolution of international commodity agreements from World War II until the present; chapter three then presents the economic arguments against the International Programme for Commodities and; chapter four attempts to answer why there is still a push for a program which economists are sure will fail to meet its objectives. A brief discussion of what the future holds for commodity agreements is added in the form of a conclusion.
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