Throughout the commodity production and trade process, a myriad of risks -political and institutional instability, unreliability of counterparts, transport risks, price instability, exchange and interest rate fluctuations - entail high costs for economic agents in developing countries. Following the commodity chain from production to imports, this paper discusses these risks, and, more importantly, identifies modern market-based strategies which can help to mitigate these risks. Throughout the paper, it is argued that an integrated approach, with systematic risk management being part of each entity's strategic planning process, is the most effective, and can considerably boost such an entity's bottom line
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International Institute for Trade and Developement : UNCTAD Collection