publication . Article . 2005

The "Cotton Problem"

John Baffes;
Open Access
  • Published: 01 Mar 2005 Journal: The World Bank Research Observer, volume 20, pages 109-144 (issn: 0257-3032, eissn: 1564-6971, Copyright policy)
  • Publisher: Oxford University Press (OUP)
  • Country: United States
Abstract
Cotton is an important cash crop in many developing economies, supporting the livelihoods of millions of poor households. In some countries it contributes as much as 40 percent of merchandise exports and more than 5 percent of gross domestic product (GDP). The global cotton market, however, has been subject to numerous policy interventions, to the detriment of nonsubsidized producers. This examination of the global cotton market and trade policies reaches four main conclusions. First, rich cotton-producing countries should stop supporting their cotton sectors; as an interim step, transfers to the cotton sector should be fully decoupled from current production de...
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Medical Subject Headings: health care economics and organizations
free text keywords: Economics and Econometrics, Development, ACREAGE, ADVERSE EFFECTS, ADVERTISING, AGRICULTURAL BIOTECHNOLOGY, AGRICULTURAL DEVELOPMENT, AGRICULTURAL ECONOMICS, AGRICULTURAL MARKETS, AGRICULTURAL POLICIES, AGRICULTURAL POLICY RESEARCH INSTITUTE, AGRICULTURAL PRICING, AGRICULTURAL REFORM, AGRICULTURAL RESEARCH, AGRICULTURAL TRADE, AGRICULTURE, AGRICULTURE ORGANIZATION, AGRICULTURE POLICY, BANKRUPTCY, BARTER, BASE YEAR, BORDER MEASURES, BORDER PRICES, BRAND, CAPITA CONSUMPTION, CENTRAL PLANNING, CHEMICAL FERTILIZERS, CLOTHING, CLOTHING INDUSTRY, COCOA, COFFEE, COFFEE PRICES, COMMERCIAL ENTERPRISES, COMMODITIES, COMMODITY, COMMODITY CREDIT CORPORATION, COMMODITY MARKETING, COMMODITY PRICE, COMMODITY PRICES, COMMODITY PROGRAMS, COMPARATIVE ADVANTAGE, COMPETITIVENESS, CONSUMER AWARENESS, CONSUMERS, COOPERATIVES, CORN, COTTON, COTTON GROWING, COTTON INDUSTRY, COTTON MARKETING, COTTON PRICE, COTTON PRICES, COTTON PRODUCTION, COTTON SECTOR, CROP, CROP INSURANCE, DAMAGES, DEBT, DEFICIENCY PAYMENTS, DEMAND GROWTH, DEVELOPMENT POLICY, DIRECT PAYMENTS, DOMESTIC MARKETS, DRYING, ECONOMIC OBJECTIVES, ECONOMIC RELATIONS, ECONOMIC SYSTEMS, ECONOMICS RESEARCH, EXPENDITURE, EXPENDITURES, EXPORT, EXPORT CREDIT, EXPORT SUBSIDIES, EXPORTS, EXTENSION SERVICES, FAO, FARM, FARM INCOME, FARM INPUTS, FARM SERVICE AGENCY, FARMERS, FARMING, FERTILIZER, FERTILIZERS, FIBER, FIBERS, FIBRES, FIBRES TEXTILES, FIELD TRIALS, FINANCIAL CRISIS, FUTURES CONTRACTS, GDP, GENETIC MATERIAL, GINNERIES, GROWTH RATE, HOUSEHOLDS, IMPORT QUOTA, IMPORT TARIFF, IMPORT TARIFFS, IMPORTS, INCIDENCE OF POVERTY, INDUSTRIALIZATION, INNOVATION, INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE, INTERNATIONAL TRADE, INVENTORIES, JUTE, LIQUIDITY, MAIZE, MARKET CONDITIONS, MARKET DISTORTIONS, MARKET FORCES, MARKET INNOVATION, MARKET LIBERALIZATION, MARKET MECHANISMS, MARKET NICHE, MARKET REFORM, MARKET REFORMS, MARKET SYSTEMS, MARKETING COOPERATIVES, MARKETING LOAN, MERCHANDISE, MERCHANDISE EXPORTS, MILLS, MINIMUM PRICE, MONOPOLY, MULTILATERAL TRADE, NATURAL RESOURCES, OLIGOPOLY, OLIVE OIL, PER CAPITA INCOME, PEST POPULATIONS, PESTICIDE, PLANTING, POLITICAL ECONOMY, POLYESTER, POOR HOUSEHOLDS, PREMIUM, PRICE CHANGES, PRICE INDEX, PRICE INDICES, PRICE PROSPECTS, PRICE SETTING, PRICE STABILIZATION, PRICE SUPPORT, PRICE SUPPORTS, PRICE TRENDS, PRICE VOLATILITY, PRICING POLICY, PRODUCE, PRODUCER GROUPS, PRODUCER ORGANIZATIONS, PRODUCER PRICES, PRODUCTION COSTS, PRODUCTION SYSTEM, PURCHASING, QUALITY STANDARD, REGULATORY FRAMEWORK, SALES, SEED, SEED COMPANIES, SEED TECHNOLOGY, SEED VARIETIES, SEEDS, SISAL, SMALL GROWERS, SPOT PRICES, SPRING, STOCKS, SUGAR, SUPPLIERS, SURPLUS, SYNTHETIC FIBERS, SYNTHETICS, TARGET PRICE, TARIFF RATE, TARIFF RATES, TARIFF-RATE QUOTAS, TAXATION, TEA, TEXTILE, TEXTILE INDUSTRIES, TEXTILE INDUSTRY, TEXTILE MILLS, TEXTILE PRODUCTS, TOBACCO, TRADE BARRIERS, TRADE LIBERALIZATION, TRADE NEGOTIATIONS, TRADE POLICIES, TRADE POLICY, TRADE REPRESENTATIVE, TRANSACTION, TRANSITION ECONOMIES, WEEDS, WHEAT, WORLD MARKET, WORLD MARKET PRICE, WORLD MARKETS, WORLD PRICE, WORLD PRICES, WORLD TRADE ORGANIZATION, WTO, YIELDS, Market price, Economics, Market share, Agreement on Agriculture, Cash crop, Gross domestic product, Economic policy, Commercial policy, Agricultural policy, Market economy, Domestic market
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