IDEAS home Printed from https://ideas.repec.org/a/oup/jieclw/v25y2022i3p447-463..html
   My bibliography  Save this article

Countering Commodity Trade Mispricing in Low-Income Countries: A Prescriptive Approach

Author

Listed:
  • Irene Musselli
  • Elisabeth Bürgi Bonanomi

Abstract

Commodity trade mispricing, especially the undervaluation of commodity exports, disproportionately harms low-income countries that depend on commodity exports for most of their export earnings. Such countries should (re)consider adopting rule-based pricing methods as a prescriptive alternative to transaction-based valuation systems. This article firmly grounds rule-based pricing in market parameters. It calls for a hybrid form of market-based price regulation in the framework of public–private models of supply chain governance, also integrating advice from independent experts. This article addresses this policy option within the parameters set by international law, considering state regulatory scope under international trade and tax law. It challenges the popular objection that prescriptive pricing methods breach international trade and tax rules. Instead, it emphasizes the complexity of any such legal assessment under international economic law.

Suggested Citation

  • Irene Musselli & Elisabeth Bürgi Bonanomi, 2022. "Countering Commodity Trade Mispricing in Low-Income Countries: A Prescriptive Approach," Journal of International Economic Law, Oxford University Press, vol. 25(3), pages 447-463.
    • Handle: RePEc:oup:jieclw:v:25:y:2022:i:3:p:447-463.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jiel/jgac030
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jieclw:v:25:y:2022:i:3:p:447-463.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/jiel .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.