Study On International Pricing Power Of Commodities

Since 21 st century,China's trade of bulk commodity has experienced a sharp increase in the light of high-speed economy.Especially after the 2008 financial crisis when the world economy falls into a slump,China still keeps a medium-high speed and becomes the world's largest country in trade of bulk commodity.China contributes above 30% of world economy growth,which is immense to the recovery of world economy.However,the problem remains that China lacks the pricing of bulk commodity.Entering the New Era,the world is faced with an increase in instability and uncertainty.As a strategic resource,the volatility of bulk commodity will have an influence on national economic security.It will be a significant step for China to strive for pricing to defend national interest and loud its voice on the world stage.To fulfill the ambition,further research about the notion of pricing is needed.There lies a root in the development of things,so as the pricing of bulk commodity.The paper constructs an analytical framework for pricing.Firstly,in the historical background,the paper discusses every stages involving the formation and development and current situation of pricing mechanism,and tries to sum up.Then structural power theory is adopted to analyze source of pricing.Finally,the paper comes up with some suggestions for policy making according to China's actualities.Along the above line,the paper goes as below.In chapter 1,the paper introduces its background,meaning,framework and innovation points.In chapter 2,the paper reviews theories concerned about pricing mechanism and pricing power,and then introduces structural power theory.In chapter 3,a historical analyze is conducted to reveals the changing of pricing mechanism and major influence factors of price,and the transformation of pricing power via illustrated by two examples.In chapter 4,the paper investigates into pricing power in the perspective of structural power theory from four types of structures: production,finance,knowledge and security.In chapter 5,the paper comes up with some suggestions for China's policy making.In the last chapter,the paper concludes that there always exists dual structure in the international bulk commodity market,which is caused by four types of structure mentioned.The dual structure in market produces unequal monopolistic pricing power,eventually making them also a structural power.The paper makes innovations in three aspects.First,systematically combing the history of commodity market pricing mechanisms,The second is to construct a framework of bulk commodity,and the third is to apply the framework to China's striving for pricing of bulk commodity.