The "Cotton Problem"

Cotton is an important cash crop in many developing economies, supporting the livelihoods of millions of poor households. In some countries it contributes as much as 40 percent of merchandise exports and more than 5 percent of gross domestic produc...

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Bibliographic Details
Main Author:	Baffes, John
Format:	Journal Article
Language:	English en_US
Published:	Oxford University Press on behalf of the World Bank 2013
Subjects:	ACREAGE ADVERSE EFFECTS ADVERTISING AGREEMENT ON AGRICULTURE AGRICULTURAL BIOTECHNOLOGY AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL MARKETS AGRICULTURAL POLICIES AGRICULTURAL POLICY AGRICULTURAL POLICY RESEARCH INSTITUTE AGRICULTURAL PRICING AGRICULTURAL REFORM AGRICULTURAL RESEARCH AGRICULTURAL TRADE AGRICULTURE AGRICULTURE ORGANIZATION AGRICULTURE POLICY BANKRUPTCY BARTER BASE YEAR BORDER MEASURES BORDER PRICES BRAND CAPITA CONSUMPTION CENTRAL PLANNING CHEMICAL FERTILIZERS CLOTHING CLOTHING INDUSTRY COCOA COFFEE COFFEE PRICES COMMERCIAL ENTERPRISES COMMODITIES COMMODITY COMMODITY CREDIT CORPORATION COMMODITY MARKETING COMMODITY PRICE COMMODITY PRICES COMMODITY PROGRAMS COMPARATIVE ADVANTAGE COMPETITIVENESS CONSUMER AWARENESS CONSUMERS COOPERATIVES CORN COTTON COTTON GROWING COTTON INDUSTRY COTTON MARKETING COTTON PRICE COTTON PRICES COTTON PRODUCTION COTTON SECTOR CROP CROP INSURANCE DAMAGES DEBT DEFICIENCY PAYMENTS DEMAND GROWTH DEVELOPMENT POLICY DIRECT PAYMENTS DOMESTIC MARKETS DRYING ECONOMIC OBJECTIVES ECONOMIC RELATIONS ECONOMIC SYSTEMS ECONOMICS RESEARCH EXPENDITURE EXPENDITURES EXPORT EXPORT CREDIT EXPORT SUBSIDIES EXPORTS EXTENSION SERVICES FAO FARM FARM INCOME FARM INPUTS FARM SERVICE AGENCY FARMERS FARMING FERTILIZER FERTILIZERS FIBER FIBERS FIBRES FIBRES TEXTILES FIELD TRIALS FINANCIAL CRISIS FUTURES CONTRACTS GDP GENETIC MATERIAL GINNERIES GROSS DOMESTIC PRODUCT GROWTH RATE HOUSEHOLDS IMPORT QUOTA IMPORT TARIFF IMPORT TARIFFS IMPORTS INCIDENCE OF POVERTY INDUSTRIALIZATION INNOVATION INTERNATIONAL FOOD POLICY RESEARCH INSTITUTE INTERNATIONAL TRADE INVENTORIES JUTE LIQUIDITY MAIZE MARKET CONDITIONS MARKET DISTORTIONS MARKET FORCES MARKET INNOVATION MARKET LIBERALIZATION MARKET MECHANISMS MARKET NICHE MARKET PRICE MARKET REFORM MARKET REFORMS MARKET SHARE MARKET SYSTEMS MARKETING COOPERATIVES MARKETING LOAN MERCHANDISE MERCHANDISE EXPORTS MILLS MINIMUM PRICE MONOPOLY MULTILATERAL TRADE NATURAL RESOURCES OLIGOPOLY OLIVE OIL PER CAPITA INCOME PEST POPULATIONS PESTICIDE PLANTING POLITICAL ECONOMY POLYESTER POOR HOUSEHOLDS PREMIUM PRICE CHANGES PRICE INDEX PRICE INDICES PRICE PROSPECTS PRICE SETTING PRICE STABILIZATION PRICE SUPPORT PRICE SUPPORTS PRICE TRENDS PRICE VOLATILITY PRICING POLICY PRODUCE PRODUCER GROUPS PRODUCER ORGANIZATIONS PRODUCER PRICES PRODUCTION COSTS PRODUCTION SYSTEM PURCHASING QUALITY STANDARD REGULATORY FRAMEWORK SALES SEED SEED COMPANIES SEED TECHNOLOGY SEED VARIETIES SEEDS SISAL SMALL GROWERS SPOT PRICES SPRING STOCKS SUGAR SUPPLIERS SURPLUS SYNTHETIC FIBERS SYNTHETICS TARGET PRICE TARIFF RATE TARIFF RATES TARIFF-RATE QUOTAS TAXATION TEA TEXTILE TEXTILE INDUSTRIES TEXTILE INDUSTRY TEXTILE MILLS TEXTILE PRODUCTS TOBACCO TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRADE REPRESENTATIVE TRANSACTION TRANSITION ECONOMIES WEEDS WHEAT WORLD MARKET WORLD MARKET PRICE WORLD MARKETS WORLD PRICE WORLD PRICES WORLD TRADE ORGANIZATION WTO YIELDS
Online Access:	http://documents.worldbank.org/curated/en/2005/03/17591875/cotton-problem http://hdl.handle.net/10986/16408

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Summary:	Cotton is an important cash crop in many developing economies, supporting the livelihoods of millions of poor households. In some countries it contributes as much as 40 percent of merchandise exports and more than 5 percent of gross domestic product (GDP). The global cotton market, however, has been subject to numerous policy interventions, to the detriment of nonsubsidized producers. This examination of the global cotton market and trade policies reaches four main conclusions. First, rich cotton-producing countries should stop supporting their cotton sectors; as an interim step, transfers to the cotton sector should be fully decoupled from current production decisions. Second, many cotton-producing (and often cotton-dependent) developing economies need to complete their unfinished reform agenda. Third, new technologies, especially genetically modified seed varieties, should be embraced by developing economies; this will entail extensive research to identify varieties appropriate to local growing conditions and the establishment of the proper legislative and regulatory framework. Finally, cotton promotion is needed to reverse or at least arrest cotton s decline as a share of total fiber consumption.

The "Cotton Problem"

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