Financialization and Changes in the Social Relations along Commodity Chains: The Case of Coffee
By S. Newman. 2009
113 citations recorded by the source corpus.
This article examines distributional implications of the restructuring of international coffee markets that has occurred since the collapse of the International Coffee Agreement in 1989 and market liberalization in coffee producing countries under structural adjustment programs. It is argued that increased financial investment on international commodity exchanges, together with market liberalization, have given rise to opportunities and challenges for actors in the coffee industry. Given the heterogeneity of market actors, these tend to exacerbate inequalities already present in the structure of production and marketing of coffee. JEL classification: L11, O13, G19
Subfields: Finance, Sociology and Political Science, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/a90b350f489b66a5ebb60f0cb6ddcc7f90fa0ebc
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Citations in the corpus
- Global resource grabs, agribusiness concentration and the smallholder: two West African case studies (2012, background): “The dominant practices which have evolved over the last 30 years in agribusiness are increasingly characterised by intense competition, monopoly control, aggressive takeover bids, price fluctuations and marketing wars, financialisation and hedge fund portfolio investments, new technology and logisti”
- The Long Green Revolution (2013, background): “The crisis of agricultural overproduction within the US was, for example, fixed in part through the US Agricultural Trade and Development Assistance Act (PL 480) in 1954, which allowed the US to export surplus production as aid on US carriers to the Global South.”
- Financialization in Developing and Emerging Countries (2013, background): “Moreover, as Newman (2009) reports for the case of coffee, the increasing financialization of commodities may reinforce the already existing inequalities in the production chain.”
- The evolution of power in the global coffee value chain and production network (2019, background): “Drivers of this trend include the financialization of commodity markets (Newman, 2009), strategic shifts toward more flexible and agile portfolio management among multinational companies (Bloomberg News, 2016), and the Simultaneously, new markets are emerging, industry organizations have been…”