Poor Market Design, Regional Monopolies and the African Cotton Market

Bloomberg has an excellent (and rather depressing) case study of poorly designed cotton markets in Africa. The farmers – the producers – appear to have the least amount of influence in the entire African cotton market edifice.

http://www.bloomberg.com/news/2011-07-19/booming-cotton-no-boon-to-farmers-in-africa-milked-by-regional-monopolies.html