Cocoa Cycles


Book Description

The cyclical boom-to-recession nature of the economics of cocoa supply is a major problem for the international cocoa industry - and especially for countries whose economies depend on cocoa exports. Only through an understanding of the dynamics of cocoa cycles can policy decisions be made through the various phases of supply cycles. Based on a major international cocoa conference, this book presents seventeen edited papers from leading experts, making a major contribution to that understanding. It explains the powerful economic, social and political factors which impact on the cocoa economy. It shows the laws of cocoa supply are closely linked to environmental, ecological and institutional factors.




Markets and States in Tropical Africa


Book Description

Following independence, most countries in Africa sought to develop, but their governments pursued policies that actually undermined their rural economies. Examining the origins of Africa’s “growth tragedy,” Markets and States in Tropical Africa has for decades shaped the thinking of practitioners and scholars alike. Robert H. Bates’s analysis now faces a challenge, however: the revival of economic growth on the continent. In this edition, Bates provides a new preface and chapter that address the seeds of Africa’s recovery and discuss the significance of the continent’s success for the arguments of this classic work.




The cocoa coast: The board-managed cocoa sector in Ghana


Book Description

After almost 20 years of declining cocoa production, Ghana has been able in the last decade to increase the share of export prices going to producers and more than double production. Contrary to Washington Consensus prescriptions, these accomplishments were achieved through reforms that did not include market liberalization. In The Cocoa Coast: The Board-Managed Cocoa Sector in Ghana, the authors identify factors that have contributed to Ghana’s success in cocoa production. These include the accountability of the government for the sector’s performance (cocoa-sector performance being seen as a key dimension of economic management), its interest in maintaining the ability to raise funds globally as a reliable supplier of high-quality cocoa, and its policy of retaining a portion of producer revenues to promote the adoption of yield-enhancing measures. The authors also suggest how Ghana can improve the efficiency of the cocoa sector through measures such as increased transparency and curtailing services that would be better provided by the private sector. The Cocoa Coast will be a valuable resource for policy makers, development specialists, and others interested in different national development paths.




Commodity Market Reforms


Book Description

Agricultural commodity markets in many developing countries are being reformed and are being based on market forces rather than regulated prices and official monopolies. This book discusses reforms in the markets for cocoa, coffee, cotton, grains, and sugar and looks at the reasons for success and failure.




Cocoa Cycles


Book Description

The cyclical boom-to-recession nature of the economics of cocoa supply is a major problem for the international cocoa industry - and especially for countries whose economies depend on cocoa exports. Only through an understanding of the dynamics of cocoa cycles can policy decisions be made through the various phases of supply cycles. Based on a major international cocoa conference, this book presents seventeen edited papers from leading experts, making a major contribution to that understanding. It explains the powerful economic, social and political factors which impact on the cocoa economy. It shows the laws of cocoa supply are closely linked to environmental, ecological and institutional factors.







Ghana, Political and Constitutional Developments


Book Description

Ghana, the torch bearer of African Independence from the yoke of colonial bondage, has been pushed to the background from its earlier pre-eminent position in international as well as African affairs. Since independence, Ghana has experienced diverse forms of Government and has almost run out of models for governing herself. Instead of providing leadership to the underdeveloped countries of Africa, Ghana is busy in its quest for evolving a stable and workable political system. In its effort to evolve a stable political system and an operational constitution capable of providing steady economic progress and social upliftment. Ghana has experimented west-minister style parliamentary system, a Single Party Republic and many military regimes following coups and counter coups. Like many of the developing states of Africa, Ghana has been plagued with post-independence political instability. Civilians as well as military governments have been installed with initial enthusiasm but so far none has been able to solve the pressing problems. In fact the quest for a permanent solution to what appears a persistent governmental crisis, has invited many coups and counter coups. It addresses and analyses the maladies that has afflicted the Ghanaian body politic.




The Price Incentive to Smuggle and the Cocoa Supply in Ghana, 1950-96


Book Description

From the early 1960s to the early 1980s, the officially recorded production of cocoa in Ghana declined by 60 percent. During the 1983–95 Economic Recovery Program, however, cocoa production doubled. Although these developments have inspired much empirical research, most of the studies have been unable to explain the medium-term persistence of cocoa output to remain below its estimated capacity level. The paper argues that the price incentive to smuggle can explain as much as one-half of the observed decline in output and the subsequent recovery. A cointegration analysis and a dynamic error-correction model of cocoa supply support the analysis.




Yes, Africa Can


Book Description

Takes an in-depth look at twenty-six economic and social development successes in Sub-Saharan African countries, and addresses how these countries have overcome major developmental challenges.




Theobroma Cacao


Book Description

Almost five million tonnes of cocoa produced annually drives the US$100 billion global chocolate industry. To sustain the industry, cacao planting materials (seeds and clones) have been successfully moved from the Amazon forests in America to the humid tropical forests of Africa, Asia, and Australia. In more than 150 years of commercial cacao cultivation, smallholder farmers that supply the bulk of cocoa beans still face several production constraints that impede their efficiency. Scientific technologies have therefore been deployed to remove these constraints by ensuring a continuous supply of good quality cocoa beans to meet growing global demand. This book provides insight into these scientific advances to address these current and emerging problems and to assure the sustainability of the global cocoa industry.