An Experiment in Commodity Control-The International Wheat Agreement, 1949-53

THE fifth International Wheat Conference which met in London in March 1947 introduced a new scheme for stabilization of the price of a primary product which involved neither buffer stocks nor output controls. After two frustrated efforts and some alteration, that scheme came to fruition in the shape...

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Veröffentlicht in:Oxford economic papers 1954-02, Vol.6 (1), p.82-97
1. Verfasser: Harbury, C. D.
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description THE fifth International Wheat Conference which met in London in March 1947 introduced a new scheme for stabilization of the price of a primary product which involved neither buffer stocks nor output controls. After two frustrated efforts and some alteration, that scheme came to fruition in the shape of the International Wheat Agreement in August 1949, and has since run to completion in July 1953. The overwhelming need for action in this field and the unsatisfactory nature of the remedies which had been adopted in the years between the wars were responsible for the...
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source Jstor Complete Legacy; PAIS Index; Oxford University Press Journals Digital Archive Legacy; Periodicals Index Online
subjects Agreements
Average prices
Commodities
Commodity prices
Economic fluctuations
Expenditures
Experiments
Free markets
Grain trade
International agreements
International trade
Market prices
Trade agreements
Treaties
Wheat
title An Experiment in Commodity Control-The International Wheat Agreement, 1949-53
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