Global commodity markets are affected by a variety of government policies that may expand or lower overall supply and as a result affect world prices for the specific products concerned. Market failures and market structures (market power along the value chain) also affect supply. This paper...

World commodity markets-and particularly the markets for agricultural commodities-remain highly distorted despite the wave of liberalization that has swept world trade since the 1980s. Some markets for commodities are characterized by imperfect competition. Where monopolies or oligopolies in...

Given the current state of multilateral trade negotiations, it appears that preferential trade agreements (PTAs) will serve as the main vehicle for increased liberalization in the short term. The question arises, whether the proposed Trans-Pacific Partnership (TPP) should and could include...

Trade is a tool to increase human welfare and development, but is increasingly being harnessed also to achieve broad environmental and social sustainability. This paper evaluates the modern relationship between trade and distribution of wealth, on the one hand, and trade and sustainable...