The Corporate Stranglehold on Commodities Markets

Authors

  • John Cavanagh
  • Frederic F. Frederic (AKA Frederick F. Clairmonte)

DOI:

https://doi.org/10.14452/MR-033-05-1981-09_3

Keywords:

Political Economy

Abstract

The term "producer," like its counterpart "consumer," becomes trivialized when abstracted from the corporate forces which control, impinge upon, and inflect the growth and trajectories of both. While Malaysia is a country in which cocoa is produced, in much the same way as the Philippines is a country in which bananas are produced, in reality the bulk of these two commodities are produced for and marketed globally by three to six transnational corporations (TNCs). This pattern of ownership and control by TNCs has become the New International Economic Order for almost all primary and manufactured commodities on the global market since the early 1960s, as UNCTAD data so clearly demonstrate.

Published

1981-10-03

Issue

Section

Articles

Most read articles by the same author(s)