List of figures page ........................................... vi
List of tables ................................................ vii
Acknowledgments ................................................ ix
Introduction .................................................... 1
1. The historical framework ..................................... 7
2. The geography of commodity production and trade ............. 22
3. Comparative advantage and the trade policy distortions ...... 47
4. Price formation and price trends in commodities ............. 57
5. The commodity exchanges, commodity investments,
and speculation ............................................. 86
6. The economics of exhaustible resource depletion ............ 111
7. Fears of, and measures to assure, supply security .......... 126
8. Producer cartels in international commodity markets ........ 144
9. Public ownership in primary commodity production ........... 166
10.The monoeconomies: issues raised by heavy
dependence on commodity production and exports ............. 188
References .................................................... 216
Index ......................................................... 226
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