International Buffer Stocks: Theory and Practice

This work presents theoretical and practical approaches in the field of international buffer stocks in a systematic way. The author outlines the improvements that are being made as regards theoretical approaches, and stresses the significance of the latter as an important instrument for empirical research into the working problems in the commodity markets. She brings out the fact that the application of the buffer stock control scheme is not only the handling of its ground elementary technique, but also its appropriate application in the challenging LDCs and DCs political circumstances. This interpretation emphasizes the significance of the ancient dichotomy which emerges from the treatement of the primary commodities: their strategic and economic importance for international trade.