Commodities, Governance and Economic Development Under Globalization

Alfred Maizels's work on commodity trade and prices documented trends in a major area of international economic relations. His book on Industrial Growth and World Trade became a much reprinted classic and his subsequent studies continued this pioneering work, particularly, Exports and Economic Growth of Developing Countries and Commodities in Crisis. This volume celebrates Alfred Maizels's legacy and his contribution to trade, commodities and development issues. It is dedicated to his life-time achievements, covering his work from an analytical perspective and placing his research, at this very critical juncture, in the context of the current financial crisis and contemporary policy debates. The contributors to this volume discuss and extend the validity of Maizels's findings in the light of new empirical evidences. This important and timely volume is indispensable reading for all interested in commodities, international trade and finance, and their implications for economic development of low-income countries.

Table of Contents:
Foreword Preface and Introduction Current Contextual Setting for Development Finance PART I: COMMODITIES, TRADE AND GOVERNANCE: REFLECTIONS ON ALFRED MAIZELS' LIFE, WORK AND LEGACY Commodities, Co-operation, and World Economic Development: The Mission of Alfred Maizels, 1917-2006 Poverty, Power and Global Economic Governance PART II: COMMODITIES AND THE GLOBAL ECONOMY IN THE 21ST CENTURY Issues and Challenges for Commodity Markets in the Global Economy: An Overview Commodity Market Structures, Evolving Governance and Policy Issues Commodities still in Crisis? Asian Drivers, Commodity Prices and the Terms of Trade Uncertain prospects of commodity-dependent developing countries PART III: CASE STUDIES OF COTTON AND COPPER Crises in Cotton of Francophone Africa: Fatality or Challenge for Multi-dimension Cooperation? Exchange Rate Management for Commodity Dependent Countries: A Zambian Case Study PART IV: FINANCE AND GOVERNANCE UNDER GLOBALIZATION A Role of Compensatory finance in the 21st century after the 2008 Global Financial Crisis The 'Bottom Billions': A Critique and Alternative View Global Rules and Markets: Constraints over Policy Autonomy in Developing Countries

About the Author :
MACHIKO NISSANKE is Professor of Economics at the School of Oriental and African Studies, University of London, UK. She previously worked at Birkbeck College, University College London and the University of Oxford, and was also Research Fellow of Nuffield College and the Overseas Development Institute. She has published numerous books and journal articles in financial and international economics, and has served many international organizations as advisor and coordinator of research programmes. GEORGE MAVROTAS is the Chief Economist of the Global Development Network. Previously he was a fellow and project director at UNU-WIDER and on the economics faculties of the Universities of Oxford and Manchester. He has published extensively in journals and books on development economics and development finance, including Commodity Supply Management by Producing Countries (Oxford University Press), Advancing Development: Core Themes in Global Economics, and Development Finance in the Global Economy: The Road Ahead and Financial Development, Institutions, Growth and Poverty Reduction, all with Palgrave Macmillan.