The integrated programme for commodities: An assessment of negotiations on minerals and metals
Abstract No agreement has yet emerged from the negotiations on mineral commodities held under the Integrated Programme for Commodities (IPC), and there is little, if any, prospect for one in the near future. This article examines the reasons for this standstill and the underlying assumptions on which the IPC is based. The following points are raised: the premise that problems of individual commodities are mutually exclusive and can be dealt with in a single framework of measures is shown to be doubtful; the principle of a commodity-by-commodity approach can no longer remain unchallenged; and structural flaws in the negotiating machinery are manifest. However, results of negotiations have not been entirely negative: the need for two-tier preparatory negotiations has been accepted and a case for a permanent consultative body, perhaps covering several commodities, has been made out. Lack of substantive reciprocity, hence political discord, remains the stumbling-block.
The international tin agreement, 1976: An assessment of its regulatory machinery as an instrument of international policy
Abstract The author examines the provisions of the New International Economic Order (NIEO), and maintains that with or without a Common Fund, International Commodity Agreements are, and will remain, a recognized instrument for achieving the objectives of the NIEO. Because of various factors conducive to effective organization — including the convergence of interests among producing and consuming countries — the International Tin Agreement (ITA) has made some useful contributions. But wider objectives can only be achieved by appropriate structural reforms in commodity organization.
Did the metamorphosis from Export Processing Zones to Special Economic Zones improve the efficiency of trade enclaves in India?
In this paper, the efficiency of seven conventional Special Economic Zones in India is analyzed, by adopting a stochastic production frontier technique, for the period between 1986–1987 and 2007–2008.Results indicate that although the efficiency scores of these enclaves have improved over the years, specifically with the introduction of the SEZ policy (2000–2001), it is far below the threshold level as identified in the literature. Besides, one can also observe a discrepancy emerging between better export earning zones and efficient zones. On the determinants side, policy intervention and large geographical area, accompanied by clustering of units, are found to have impacted the efficiency scores of these enclaves positively.