Cocoa Cycles

The cyclical boom-to-recession nature of the economics of cocoa supply is a major problem for the international cocoa industry - and especially for countries whose economies depend on cocoa exports. Only through an understanding of the dynamics of cocoa cycles can policy decisions be made through the various phases of supply cycles. Based on a major international cocoa conference, this book presents seventeen edited papers from leading experts, making a major contribution to that understanding. It explains the powerful economic, social and political factors which impact on the cocoa economy. It shows the laws of cocoa supply are closely linked to environmental, ecological and institutional factors.

The livelihood of Third World farmers conflicts with saving the remaining tropical forests. The advantages of growing cocoa in cleared primary forest drive from the fertility of virgin soils and low concentrations of weeds, pests and diseases. The consequent emergence of new 'pioneer fronts' has also been affected by cheap labour, relative commodity prices, pests and diseases, credit resources, entrepreneurship, information, physical infrastructures, and government policies. The dynamism of smallholdings and competitive private marketing over estates and marketing boards is demonstrated.

This book, written by global experts, provides a comprehensive and topical analysis on the economics of chocolate. While the main approach is economic analysis, there are important contributions from other disciplines, including psychology, history, government, nutrition, and geography. The chapters are organized around several themes, including the history of cocoa and chocolate — from cocoa drinks in the Maya empire to the growing sales of Belgian chocolates in China; how governments have used cocoa and chocolate as a source of tax revenue and have regulated chocolate (and defined it by law) to protect consumers' health from fraud and industries from competition; how the poor cocoa producers in developing countries are linked through trade and multinational companies with rich consumers in industrialized countries; and how the rise of consumption in emerging markets (China, India, and Africa) is causing a major boom in global demand and prices, and a potential shortage of the world's chocolate.

Indonesia's monetary and political crisis is examined here in relation to its impact on Indonesia's agricultural sector. The twelve essays that comprise this volume take a micro-economic approach and analysis relies on observed facts and first-hand data collected both before and after the country's crisis. This is a lively, well illustrated and instructive book.

This second edition includes an updated bibliography.Astley's signature is a highly allusive, layered and self-conscious prose style, non-linear and open-ended (Gillian Whitlock, JASAL: Journal of Association for the Study of Australian Literature, 6, 2007, p. 154.)The essays offer insights into issues of language, art, gender and religion ... as well as Astley's evolving body of writing and the historical and literary context of her work (Lyn Jacobs, Australian Literary Studies v.23, n.3, 2008, p.358).

This book engages with the implications of an expanding Corporate Social Responsibility (CSR) of Transnational Corporations in their supply chains. Taking the case of a cocoa sustainability certification project in Ghana, the study examines the implementation process of such a transnational CSR intervention and its outcomes regarding the local governance and institutional environment of the cocoa sector in Ghana. The study deploys a theoretical framework based on Global Value Chain Analysis and a neo-Gramscian approach to Global Governance to assess transnational CSR as a concept and strategy that reflect power struggles in global production fields.

After almost 20 years of declining cocoa production, Ghana has been able in the last decade to increase the share of export prices going to producers and more than double production. Contrary to Washington Consensus prescriptions, these accomplishments were achieved through reforms that did not include market liberalization. In The Cocoa Coast: The Board-Managed Cocoa Sector in Ghana, the authors identify factors that have contributed to Ghana’s success in cocoa production. These include the accountability of the government for the sector’s performance (cocoa-sector performance being seen as a key dimension of economic management), its interest in maintaining the ability to raise funds globally as a reliable supplier of high-quality cocoa, and its policy of retaining a portion of producer revenues to promote the adoption of yield-enhancing measures. The authors also suggest how Ghana can improve the efficiency of the cocoa sector through measures such as increased transparency and curtailing services that would be better provided by the private sector. The Cocoa Coast will be a valuable resource for policy makers, development specialists, and others interested in different national development paths.