Cotton : Market setting, trade policies, and issues

By J. Baffes. 2004

150 citations recorded by the source corpus.

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.

Subfields: Economics and Econometrics, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/8bf9778d6a871f8f1a43bc66a287002a638a59be

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. J. Steinberger
2. S. Morse
3. Y. Ismael
4. R. Bennett
5. U. Kambhampati
6. Anthony Halog
7. J. M. Earles

In Strategy and Management

1. S. Morse
2. Y. Ismael
3. R. Bennett
4. U. Kambhampati

Citations in the corpus

• A spatially explicit life cycle inventory of the global textile chain (2009, background): “The producing countries are representative of the global textile production chains, which have been expanding and changing in composition, moving to developing and emerging countries on the textile production and processing side, as well as shifting from natural to synthetic fibers (Baffes 2004).”
• The viability of cotton-based organic farming systems in India (2007, background): “Cotton production in India provides livelihood for about 10 million households (Baffes, 2004).”
• Economic Impact of Genetically Modified Cotton in India (2004, result): “These findings echo the results from a number of other developing and developed countries (Baffes, 2004).”
• Chemical composition, insecticidal and biochemical effects of Melaleuca alternifolia essential oil on the Helicoverpa armigera (2017, background): “Cotton is an important economic crop worldwide (Alpermann, 2010; Baffes, 2004).”