International commodity agreements, Managerial Economics

International Commodity Agreements (ICAS)

International Commodity Agreements (ICAS) represents attempts to modify the operation of the commodity markets so as to achieve various objectives such as price stabilization of price enhancement.  Support for such intervention stems from apparent weaknesses in the operation of market forces in achieving an efficient allocation of resources, appropriate levels of privately held stocks in some commodities and an equitable distribution of income from their export as between exporters and importing countries.

ICAS are to be distinguished from producers' or exporters' cartels by the feature of consumer agreement to the scheme and representation on the governing body.

Posted Date: 11/30/2012 5:07:27 AM | Location : United States







Related Discussions:- International commodity agreements, Assignment Help, Ask Question on International commodity agreements, Get Answer, Expert's Help, International commodity agreements Discussions

Write discussion on International commodity agreements
Your posts are moderated
Related Questions
explain the supply function and importance of supply analysis in brief

Suppose that, in their divorce settlement, Ashton Kutcher offers Demi Moore $16 million spread evenly over 8 years (with the 1st payment upfront and the 2nd payment at the end of y

how manager can apply scarcity and oppotunity cost in managerial decision making

What is the equilibrium in the labor market? Explain briefly. Equilibrium in the Labor Market a. The market labor of demand curve is the horizontal total of the individual l

Rail Tours sells packaged tours on rail lines, including gourmet meals and a reserved bed. The most popular tours are in the autumn when colors are at their peak. The overnight pac


MONOPOLISTIC PRACTICES The following practices may be said to characterize monopolies. Exclusive dealing to supply and collective boycott Producers agree to supply onl

a. Explain why the demand for a particular brand is more elastic than the demand for all cigarettes. If Lucky Strike raised its price by 1% in 1918, was the price elast

(i) Do the laws of economics still work today? (use the case discussed in class to answer this question or any other examples) (ii) Provide examples of three factors that can sh

Real Rigidities The New Keynesian economists  rely both on nominal and real rigidities to  arrive at their conclusion that nominal changes in money  supply have real, and not