The Not So Brilliant Future of International Cartels

Verbeke, Alain; Buts, Caroline

doi:10.1017/mor.2021.50

Cited by 2 publications

(2 citation statements)

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“…Economists and political economists have not been able to reach a consensus on a theoretical model for explaining when cartels form and what determines their durability [22,23], or even their goals. Revenue maximization [22] (206) or value maximization [24] are the usual goals assumed by economists, but other social scientists and historians are intrigued by the fact that governments in the Global South and their advisors have sought to promote their vision of national development by moving up the value chain [25,26].…”

Section: International Collusion In Natural Resourcesmentioning

confidence: 99%

Understanding Cartel Viability: Implications for a Latin American Lithium Suppliers Agreement

Mares

2022

Energies

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The energy transition requires significant volumes of minerals of which the Global South holds large reserves. This context revives hopes and fears that producing countries in the Global South might hold sufficient market power to demand above market prices, technology transfers and even migration of productive processes to their countries. Our research question is what determines the effectiveness of states’ collusion on natural resource exploitation and how does that affect the probability of Latin American collusion regarding lithium. The study utilizes Social Science methods for developing frameworks of analysis and comparative case studies. Following an overview of what is required for effective cartels, the study focuses on characteristics of the six primary lithium producers and potential producers in Latin America: Chile, Argentina, Bolivia, Brazil, Mexico, and Peru. Theory and empirical evidence indicate that Latin American lithium producers should be very cautious in assessing their bargaining power vis a vis the market. More focus should be put on how best to utilize market determined profits to support sustainable national development. The conclusion highlights limitations of Latin American countries’ capacities and suggests future lines of research regarding potential commodity cartels for resources essential to the energy transition.

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Section: International Collusion In Natural Resourcesmentioning

confidence: 99%

Understanding Cartel Viability: Implications for a Latin American Lithium Suppliers Agreement

Mares

2022

Energies

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“…However, the pandemic has also revealed the emergence of de-globalization and decoupling as a rapidly growing area of international research involving China and the rest of the world. It also ushered a new era of applying Political Science Realism for influencing international business scholarship (see Petricevic & Teece, 2019; Witt, 2019; Witt, Li, Välikangas, & Lewin, 2021) and follow-up and forthcoming papers in MOR (e.g., Buckley & Casson, 2021; Tallman 2021; Verbeke & Buts, 202 1).…”

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confidence: 99%

Letter from the Editor

2021

Manag. Organ. Rev.

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The Not So Brilliant Future of International Cartels

Cited by 2 publications

References 24 publications

Understanding Cartel Viability: Implications for a Latin American Lithium Suppliers Agreement

Understanding Cartel Viability: Implications for a Latin American Lithium Suppliers Agreement

Letter from the Editor

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