Cotton : Market Setting, Trade Policies, and Issues
The value of world cotton production in
2000-01 has been estimated at about $20 billion, down from
$35 billion in 1996-97 when cotton prices were 50 percent
higher. Although cotton's share in world merchandise
trade is insignificant (about 0.12 percent), it is very
important to a number of developing countries. Cotton
accounts for approximately 40 percent of total merchandise
export earnings in Benin and Burkina Faso, and 30 percent in
Chad, Mali, and Uzbekistan. Its contribution to GDP in these
and other developing countries is substantial, ranging
between 5 and 10 percent. Cotton supports the livelihoods of
millions in developing countries (at least 10 million in
West and Central Africa) where it is a typical, and often
dominant, smallholder cash crop. The cotton market also has
been subject to considerable market
intervention-subsidization in the European Union and the
United States, and taxation in Africa and Central Asia.
During the past three seasons, annual direct support
averaged $4.5 billion. The author reviews the market setting
and policy issues and gives recommendations on how
industrial and developing cotton-producing countries can
improve the policy environment.
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Bibliographic Details
| Main Author: |
Baffes, John |
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| Format: | Policy Research Working Paper
biblioteca
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| Language: | English
en_US |
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| Published: |
World Bank, Washington, D.C.
2004-02
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| Subjects: | ACRYLIC,
AFRIQUE CENTRALE,
AGRICULTURE,
ANIMAL,
APPAREL,
CARBON,
CLOTHING,
COMMODITIES,
COMMODITY,
COTTON,
COTTON PLANTS,
COTTON PRICES,
COTTON PRODUCTION,
COTTON SECTOR,
COTTON YIELDS,
CROP,
DEVELOPED COUNTRIES,
ENVIRONMENTAL ACTIVISTS,
ENVIRONMENTAL PROTECTION,
EXCHANGE RATE,
FAO,
FARM,
FARMERS,
FARMING,
FERTILIZERS,
FIBERS,
FIBRES TEXTILES,
FOOD CROPS,
GATT,
HARVESTING,
IMPORTS,
INCIDENCE OF POVERTY,
INCOME,
INSURANCE,
IRRIGATION,
NASH,
NATURAL FIBERS,
NYLON,
OIL,
PESTICIDE,
POLICY ENVIRONMENT,
POLYESTER,
POPULATION GROWTH,
POVERTY REDUCTION,
PRICE CHANGES,
PRICE VOLATILITY,
PRODUCE,
PRODUCERS,
PRODUCTION OF COTTON,
QUOTAS,
RAYON,
RISK MANAGEMENT,
RURAL POVERTY,
SEED,
SEED TECHNOLOGY,
SEEDS,
SILK,
STOCKHOLDERS,
SYNTHETIC FIBERS,
SYNTHETIC FIBRES,
TAXATION,
TEXTILE INDUSTRIES,
TEXTILE INDUSTRY,
WOOL,
YARN COTTON,
COTTON DEVELOPMENT INTERNATIONAL,
COTTON INDUSTRY,
TRADE AMONG DEVELOPING COUNTRIES,
COTTONTEXTILE INDUSTRY,
SUBSIDIES,
CASH CROPS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2004/02/3923769/cotton-market-setting-trade-policies-issues
http://hdl.handle.net/10986/14735
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