Managing Commodity Booms--and BustsWorld Bank Publications, 1995 - 22 pages World Bank Discussion Paper No. 314. In 1994, Colombia replaced its state-run, pay-as-you-go pension system with a privately run, fully-funded scheme. This study analyzes prospective fiscal and macroeconomic implications of the reform. It compares the features of the country's old and new pension systems, puts them in a broader international context, and examines the reform transition |
From inside the book
Results 1-5 of 5
Page 1
... cotton , and copper ) have generally risen more than the prices of those that they import ( grains , petroleum , and so on ) . Higher cotton prices benefited countries in Sub - Saharan Africa and Central Asia ; Latin American export ...
... cotton , and copper ) have generally risen more than the prices of those that they import ( grains , petroleum , and so on ) . Higher cotton prices benefited countries in Sub - Saharan Africa and Central Asia ; Latin American export ...
Page 2
... Cotton , cocoa , and copper prices are about one - third of the highs of the 1960s and 1970s in real terms . And while petro- leum prices have increased recently , they are still below their 1992 and 1993 levels . Why this boom won't ...
... Cotton , cocoa , and copper prices are about one - third of the highs of the 1960s and 1970s in real terms . And while petro- leum prices have increased recently , they are still below their 1992 and 1993 levels . Why this boom won't ...
Page 5
... cotton crop , while Cuba's sugar production continued to decline . Four major cotton producers — China , India , Pakistan , and the United States — reported much lower crops in 1993 . World production has recovered substantially since ...
... cotton crop , while Cuba's sugar production continued to decline . Four major cotton producers — China , India , Pakistan , and the United States — reported much lower crops in 1993 . World production has recovered substantially since ...
Page 6
... cotton , groundnut oil , palm oil , rubber , and soybean oil — and three metals— aluminum , copper , and nickel — for all low- and middle - income coun- tries ( table 2 ) . Agricultural exports accounted for 70 percent of the total ...
... cotton , groundnut oil , palm oil , rubber , and soybean oil — and three metals— aluminum , copper , and nickel — for all low- and middle - income coun- tries ( table 2 ) . Agricultural exports accounted for 70 percent of the total ...
Page 12
... cotton growers prior to planting . By offering the guarantee , the government has assumed on behalf of the farmer the risk that cotton prices will fall below that minimum . In many countries with minimum price guarantees , the treasury ...
... cotton growers prior to planting . By offering the guarantee , the government has assumed on behalf of the farmer the risk that cotton prices will fall below that minimum . In many countries with minimum price guarantees , the treasury ...
Other editions - View all
Common terms and phrases
agricultural Analysis Unit boom ends BOOM WON'T CONTINUE booming commodity booming sector booms and busts central bank claimants cocoa cocoa prices coffee boom coffee exporters Colombia Commodity boom bonds Commodity Policy commodity-exporting countries copper prices costs Côte d'Ivoire cotton current US dollars developing countries Dutch disease effects export commodity export revenues export taxes external debt farmers financial markets fiscal policies fluctuations foreign exchange inflows foreign reserves government revenues Groundnut oil import restrictions income International Economics Department investment LEARNING FROM EXPERIENCE manage booms manage commodity ments Metals and minerals monetary base monetary policies nonbooming oil prices options palm oil percent Policy and Analysis policymakers price declines price rises primary commodity prices private sector problems production programs real exchange rate reduced foreign debt Revenue stabilization funds risk management rubber savings in foreign short-term price Sub-Saharan Africa swaps Tanzania trade windfall gains windfall profit tax windfall revenues windfall tax World Bank
Popular passages
Page 7 - Pacific Europe and Central Asia Latin America and the Caribbean Middle East and North Africa...
Page 20 - In the past, many commodity-exporting countries have entered such agreements in an attempt to stabilize and, in many cases, raise prices. In anything but the short term, none has succeeded. References Adams, Robin G. (Resource Strategies, Inc.). 1995. Interview in The Financial Times, March 31 . Bauer, Peter. 1984. "Remembrance of Studies Past: Retracing First Steps.
Page 13 - The decision whether to vacuum pack or gas flush a consumer package depends on a number of factors. Among the most important are the type of product to be packed and its consistency. "Gas flush is a function of the product to be packaged," offers Tom Taylor, product manager, smoked and processed meat, Cryovac.
Page 21 - Kenya, 1975-81." In Tony Killick, ed., The IMF and Stabilization. London: Heinemann.
Page 15 - On the fiscal side, coffee tax revenues were used to turn a deficit of 5.2 percent of GDP in 1984 into a small surplus in 1986.