1887

International Marketing Boards

Reference has been made above (p. 19) to the idea of establishing international marketing boards, with a monopoly in the purchase and sale of a particular commodity or group of commodities. Such marketing boards could in principle charge an administered price to importers, which could be stabilized at a desired level (up to the level which would maximize receipts), or linked to an index of import prices of the countries exporting the commodities.

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