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Commodity futures markets in LDCs: a review and prospects

Author

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  • C. W. Morgan

    (School of Economics, University of Nottingham, UK, wyn.morgan@nottingham.ac.uk)

Abstract

Recent moves by the World Bank to devise market-based approaches for dealing with commodity price risk provide a fresh impetus for research in the area of commodity futures markets as a policy option. Since the collapse of the International Commodity Agreements there has been little progress in finding a solution to the perennial problem of price risk arising from price volatility. This paper aims to provide a background to the more general issue of development and growth in less developed countries (LDCs) by examining past and current policy attempts to reduce the effects of price volatility in primary commodity markets.

Suggested Citation

  • C. W. Morgan, 2001. "Commodity futures markets in LDCs: a review and prospects," Progress in Development Studies, , vol. 1(2), pages 139-150, April.
    • Handle: RePEc:sae:prodev:v:1:y:2001:i:2:p:139-150
    DOI: 10.1177/146499340100100203
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    References listed on IDEAS

    as
    1. Gilbert, Christopher L, 1985. "Futures Trading and the Welfare Evaluation of Commodity Price Stabilisation," Economic Journal, Royal Economic Society, vol. 95(379), pages 637-661, September.
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    6. C. W. Morgan, 1999. "Futures Markets and Spot Price Volatility: A Case Study," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(2), pages 247-257, May.
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    8. C. W. Morgan & A. J. Rayner & C. Vaillant, 1999. "Agricultural futures markets in LDCs: a policy response to price volatility?," Journal of International Development, John Wiley & Sons, Ltd., vol. 11(6), pages 893-910.
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