The International Sugar Agreements

"International Commodity Agreements, intended to counter large price fluctuations, were regarded as the panacea for the world's economic ills and problems during the post World War II decades. However, during the 1980s every one of these ICAs collapsed, some with devastating economic consequences. The marketing agreements on sugar had the longest existence, involved the largest number of countries, and were the best administered." "This volume on the negotiations and administration of the Agreements on Sugar is the first detailed analysis of the rise and fall of an ICA. The history is an important lesson of the dangers, pitfalls, and short-sightedness of long-term international economic management. Thus arrangements for international study and discussion of commodity developments and problems may be more productive in the long run."--BOOK JACKET.