Africa Economic Analysis - http://www.africaeconomicanalysis.org
Export Sector Liberalization and Forward Markets: Managing Uncertainty During Policy Transitions
http://www.africaeconomicanalysis.org/articles/36/1/Export-Sector-Liberalization-and-Forward-Markets-Managing-Uncertainty-During-Policy-Transitions/Page1.html
Jason A. Lovelace

 
By Jason A. Lovelace
Published on 04/11/2008
 
Since the early 1980s the World Bank has promoted pricing and marketing reform of the cash crop sector in African countries. Jason A. Lovelace argues that although such reforms are often justified on the basis of higher producer prices post-reform, price liberalization and marketing reform have also been associated with the temporary collapse of forward markets that are useful to producers. He suggests ways to maintain these markets during the transition