000			02177cam a22002291 4500
008			720211s1965 enk er 001 0 eng
040			_aDLC _cODaWU
050	0	0	_aHF1428 _b.R6
082			_a382.4 _bROW
100	1		_aRowe, J. W. F.
245	1	0	_aPrimary commodities in international trade /
260			_aCambridge, England : _bCambridge University Press, _cc1965.
300			_axi, 223 p. ;
500			_aIncludes index.
520			_aThis book is fundamentally based on lectures given at Cambridge during the 1950's, but it is by no means a mere transcription. The author takes "primary products" to mean foodstuffs and materials in the form in which they are first exchanged internationally. "International trade" is taken to mean world-wide or trans-ocean trade. The book is divided into four parts. In the first part the author explains the basis on which he has selected certain primary products for particular study and describes the organization of production of these commodities. In the second part he draws attention to the processes of marketing and price determination. The function of producers' cooperatives and national marketing boards is discussed and there is a clear description of the practice of "hedging", and the operation of the futures market. The appendix to chapter five consists of a discussion of the economics of private merchanting versus government bulk trading. The third part of the book comprises an historical study of trends and fluctuations in international trade in primary products in the period 1918-1964 and of the international problem of how to stabilize their prices. Part four deals with commodity control schemes and emphasizes the important role which these have come to play in the arrangements which governments or groups of governments make for their economic relations with other governments and groups. The final chapter indicates the change in ideas on the nature and functions of commodity control which has recently been taking place, especially since 1960.
590			_aII 17/01/2019
591			_aLoans
650		0	_aCommodity control.
650		0	_aCommerce.
942			_2ddc _cBOOK
949			_a382.4 ROW
999			_c11777 _d11777