Hostname: page-component-7479d7b7d-qlrfm Total loading time: 0 Render date: 2024-07-13T20:30:35.411Z Has data issue: false hasContentIssue false
  • English
  • Français

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

Published online by Cambridge University Press:  23 May 2014

Guy Martin
Get access Rights & Permissions [Opens in a new window]

Extract

Ever since Raúl Prebisch, UNCTAD's first Secretary General, called attention to it in his famous 1964 report (UNCTAD, 1964), the commodities problem has been a priority item on the international agenda in the various forums where the North-South dialogue has been taking place. When the First Lomé Convention was signed on 28 February 1975 between the nine countries of the European Economic Community (EEC) and forty-six African, Caribbean, and Pacific (ACP) states, it was hailed as a major achievement, exemplary of the New International Economic Order (NIEO) then emerging within the wider framework of the North-South dialogue.

In particular, much was made of the EEC countries' attempt to come to grips with the commodities problem by agreeing to set up a scheme (known as “Stabex” in Lomé parlance) for the stabilization of export earnings from commodities exported by the ACP states to the EEC. This system, generally held as the most innovative feature of the Lomée Convention, seemed to meet some, if not all, of the demands voiced by the developing countries in the context of the NIEO on the problem of commodities.

Yet, this was by no means a gratuitous gesture on the part of the EEC. In the first place, the Community's acute awareness of its dependence on raw materials imports from the ACP states, as well as of the latter's dependence on raw materials exports to the EEC, tended to make it responsive to the ACP states' demands in the area of commodities.

Type
Articles
Information
African Studies Review , Volume 27 , Issue 3 , September 1984 , pp. 41 - 66
Copyright
Copyright © African Studies Association 1984

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

ACP/CEE. 1978. Deuxième Rapport Annuel du Conseil des Ministres ACP-CEE. Bruxelles.Google Scholar
ACP/CEE. 1977. Annual Report of the ACP-EEC Council of Ministers. Brussels.Google Scholar
ACP/CEE. 1980. Report of the ACP-EEC Council of Ministers. Brussels.Google Scholar
Amoa, Ga-Kwame. n.d. Indexation as an Element in the New International (Economic) Order. Dakar: IDEP.Google Scholar
Amoa, Ga-Kwame. 1976. “Relations between Africa and Europe in Historical Perspective,” University of Ghana Law Journal XIII, 1/2: 7–58.Google Scholar
Comunité Economique d'Europe/Commission. 1981. Rapport de Synthèse concernant le Système de Stabilisation des Recettes d'Exportation institué par la Convention de Lomé pour les années d'application 1975 à 1979 (SEC (81) 1104). Bruxelles.Google Scholar
CEE/Cour des Comptes. 1979. Observations sur le Fonctionnement du Système de Stabilisation de Recettes d'Exportation (STABEX). Luxembourg.Google Scholar
Clairmonte, Frederic, and Cavanagh, John. 1978. “Comment une poignée de firmes multinationales dominent le marché mondial du coton,” Le Monde Diplomatique 293: 7.Google Scholar
The Courier/Le Counter. 1975-1984. Nos. 31, 58, 63, 69, 74, 76, 82, 83.Google Scholar
Cuddy, J. D. A. 1979. “Compensatory Financing in the North-South Dialogue: The IMF and STABEX Schemes,” Journal of World Trade Law 13, 1: 66–76.Google Scholar
Cuddy, J. D. A. 1980. “Indexation: A Missing Link in ACP/EEC Relations,” pp. 53–90 in Long, Frank (ed.) The Political Economy of EEC Relations with African, Caribbean, and Pacific States. Oxford: Pergamon Press.Google Scholar
Delmas, Philippe, and Guillemin, G.. 1983. La Stabilisation des Prix des Matières Premières: Un Dialogue Manqué. Paris: Economica.Google Scholar
Desbois, Paul, and Ramadac, J. P.. 1979. Les Pièges de l'Europe. Paris: Anthropos.Google Scholar
Dolan, Michael B. 1978. “The Lomé Convention and Europe's Relationship with the Third World: A Critical Analysis,” Journal of European Integration I, 3: 369–94.Google Scholar
Dumas, Michel. 1976. “Qu'est-ce que le Nouvel Ordre Economique International?” Revue Tiers Monde XVII, 66: 265–88.Google Scholar
European Economic Community. 1973. “Memorandum of the Commission to the Council on the future relations between the Community, the present AASM States and the countries in Africa, the Caribbean, the Indian and Pacific Oceans referred to in protocol no. 22 to the act of accession,” Bulletin of the European Communities, supplement 1/73.Google Scholar
European Economic Community. 1978. “Annual Report for 1977,” Official Journal of the European Communities, C 313, 30 December.Google Scholar
European Economic Community. 1979. Analysis of Trade between the European Community and the ACP States. Luxembourg.Google Scholar
EEC/Commission. 1979a. Report on the 1977 Operations of STABEX (COM (79) 277 final). Brussels.Google Scholar
European Economic Community. 1979b. Stabex in Lomé II. Brussels.Google Scholar
Emmanuel, Arghiri. 1976. “La ‘Stabilisation’ Alibi de l'Exploitation Internationale,” Revue Tiers Monde XVII, 66: 257–64.CrossRefGoogle Scholar
Focke, Katharina. 1980. From Lomé 1 towards Lomé 2. Luxembourg: Office for Official Publications of the European Communities.Google Scholar
Goreux, Louis M. 1980. Compensatory Financing Facility. Washington, D.C.: International Monetary Fund.Google Scholar
Green, Reginald H. 1978. “Stabex: What is to be done?” pp. 12–26 in The Renegotiation of the Lomé Convention. London and Dublin: CIIR/TROCAIRE.Google Scholar
Guilbert-Giudicelli, Alice. 1980. “Le Fonctionnement du Système de Stabilisation des Recettes d'Exportation institué par la Convention de Lomé,” pp. 177–94 in Mouton, C. and Chalmin, P. (eds.) Matières Premières et Echanges Internationaux. Paris: Economica.Google Scholar
Herrmann, Roland. 1982. “On the Economic Evaluation of the Stabex System,” Intereconomics 17, 1: 7–12.Google Scholar
Hveem, Helge. 1978. The Political Economy of Third World Producer Associations. Oslo: Universitetsforlaget.Google Scholar
International Monetary Fund. 1982. International Financial Statistics. Supplement on Trade Statistics No. 4.Google Scholar
Kokole, Omari H. 1981. “Stabex Anatomised,” Third World Quarterly III, 3: 441–59.Google Scholar
Legum, Colin. 1962. Pan-Africanism: A Short Political Guide. London: Pall Mall.Google Scholar
Madeley, John. 1977. “Inflation eats Stabex benefits,” Africa 72: 73–75.Google Scholar
Martin, Guy. 1982a. “The Political Economy of African-European Relations from Yaoundé I to Lomé II, 1963-1980: A Case Study in Neo-colonialism and Dependency.” Ph.D. dissertation, Indiana University.Google Scholar
Martin, Guy. 1982b. “Africa and the Ideology of Eurafrica: Neo-Colonialism or Pan-Africanism?” The Journal of Modern African Studies XX, 2: 221–38.Google Scholar
Muller, Jean-Claude. 1978. “Le Système de Stabilisation des Recettes d'Exportation institué par la Convention de Lomé,” pp. 150–66 iAFETIMON (ed.) Le Tiers Monde et la Communauté économique européenne. Paris: Berger-Levrault.Google Scholar
Nabudere, Dan W. 1976. “Stabilisation of Export Earnings (‘STABEX’) in the Lomé Convention,” University of Ghana Law Journal XIII, 1/2 59–79.Google Scholar
Nkrumah, Kwame. 1965. Neo-Colonialism: The Last Stage of Imperialism. London: Heinemann.Google Scholar
Noelke, Michael. 1979. Europe-Third World Interdependence. Brussels: Commission of the European Communities.Google Scholar
Radetzki, Marian. 1976. “The Potential for Monopolistic Commodity Pricing by Developing Countries,” pp. 53–76 in Helleiner, G. K. (ed.) A World Divided. Cambridge: Cambridge University Press.Google Scholar
Ravenhill, John F. 1981. “Asymmetrical Interdependence: The Lomé Convention and North-South Relations.” Ph.D. dissertation, University of California, Berkeley.Google Scholar
United Nations Conference on Trade and Development. 1964. Towards a new trade policy for development. Report by the Secretary General (Sales no. 64.II.B.4). Geneva.Google Scholar
United Nations Conference on Trade and Development. 1981. Agreement Establishing the Common Fund for Commodities (TD/IPC/CF/CONF/25). Geneva.Google Scholar
United Nations Conference on Trade and Development. 1983. Complementary Facility for Commodity-related shortfalls in export earnings: Review of STABEX and SYSMIN (TD/B/C/.1/237). Geneva.Google Scholar
United Nations. 1978. Transnational Corporations in World Development: A Re-examination (E/C.10/38). New York.Google Scholar