African-European Economic Relations under the Lome Convention: Commodities and the Scheme of Stabilization of Export Earnings

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Periodical article

Title:	African-European Economic Relations under the Lome Convention: Commodities and the Scheme of Stabilization of Export Earnings
Author:	Martin, Guy
Year:	1984
Periodical:	African Studies Review
Volume:	27
Issue:	3
Period:	September
Pages:	41-66
Language:	English
Geographic term:	Africa
Subjects:	Stabex European Union commodities international relations Economics and Trade
External link:	https://www.jstor.org/stable/524023
Abstract:	The commodities problem has been a priority item in the various forums where the North-South dialogue has been taking place. Much was made of the EEC countries' attempt to come to grips with the commodities problem by agreeing to set up a scheme for the stabilization of export earnings, 'Stabex', from commodities exported by the 46 African, Caribbean, and Pacific (ACP) states to the EEC. It has now become clear that Stabex has fallen short of the high expectations which it initially raised, and that it has not been able to solve in a satisfactory manner the commodities problem encountered by the African ACP states. This is discussed in the sections: The EEC's dependence on raw materials imports from Africa; The commodities problem and its solutions; Stabex: principles and mode of operation; The implementation of Stabex, 1975-1982; Conclusion: Is Stabex a 'model' or a 'neo-colonial' scheme? Notes, ref., tab.