Commodity exports and Latin American development

In the past, international cooperation in the area of commodities has been concentrated on measures to stabilize world prices through agreements between producers and consumers. At present, the questions of the level and stability of world prices continue to be just as important as ever, but there are few possibilities of resuming international cooperation of this type. Furthermore, the level of final prices is only one of the problems related with production costs (which in turn depend on the technologies applied) and other aspects regarding the added value retained in the producer countries.