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Books > Earth & environment > The environment > Environmental economics
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Primary Commodities and Economic Development (Hardcover)
Loot Price: R4,844
Discovery Miles 48 440
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Primary Commodities and Economic Development (Hardcover)
Series: Routledge Studies in Development Economics
Expected to ship within 10 - 15 working days
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Our post-industrialised global economy has achieved spectacular
success and pushed back poverty to an extent previously thought
impossible. This success is ultimately based on the continued
supply of both renewable and non-renewable resources. Will this
supply of primary commodities remain sufficient to support global
economic growth? Why are the gains for countries specialising on
commodity production often so limited? Can commodity dependent
countries diversify into other economic activities? Primary
Commodities and Economic Development addresses the changing
position of primary commodities in the world economy and
investigates their importance for commodity exporting
under-developed countries. The book commences with a review of the
theoretical foundations for inter-dependence between commodity
specialisation and economic underdevelopment. Having related the
role of commodity exports and the commodity terms of trade to
growth models relevant to developing economies, the discussion
shifts to an in-depth review of the statistical properties of the
commodity terms of trade. The review of commodity price trends at
the global level is then rounded off with a series of country case
studies showing the concrete threats and opportunities surrounding
commodity specialization. This book will be of essential reading
for those with an interest in development economics and
international economics, as well as for scholars of natural
resource and agricultural economics.
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