Cotton Crises in Francophone Africa: Fatality or Challenge for Multidimensional Cooperation?

Michel Fok

Chapter 8 in Commodities, Governance and Economic Development under Globalization, 2010, pp 165-220 from Palgrave Macmillan

Abstract: Abstract Cotton was not substantially dealt with in Alfred Maizels’ analysis Commodities in Crisis, in which the impact of commodity market operations on development is carefully examined. Cotton was mentioned only to illustrate the commodity crisis in terms of competition from synthetics, in terms of reduced consumption in industrialized countries and the decrease in export earnings. However, the relation between cotton and industrial development has been well documented in many countries since the nineteenth century (Bairoch 1995), either in connection with cotton production (the USA, Turkey, Brazil, China) or without (England, Hong Kong, Taiwan, Mauritius). Cotton has served as an illustrative commodity in support of the Standard Theory of Trade and Development (Anderson 1987), notably in China (Anderson and Park 1989; Anderson 1990) and in other Asian countries (Park and Anderson 1988; Anderson 1994). More globally, by assessing the development of cotton production and use worldwide, Fok (1997) emphasized the crucial role of policy, closely in line with Maizels’ conviction.

Keywords: Cotton Fibre; World Trade Organization; World Price; Trading Company; Subsidy Policy (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27402-0_8

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DOI: 10.1057/9780230274020_8

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