Midlands State University Library
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Primary commodities and economic development / Stephan Pfaffenzeller

By: Material type: TextTextLanguage: English Publisher: New York, NY : Routledge Taylor & Francis Group, 2017Description: 155 pages ; 24 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9781138014435 (hardback)
Subject(s): LOC classification:
  • HF1040.7 PFA
Contents:
1. Introduction -- 2. Developing country growth and the commodity terms of trade -- 3. The statistical properites of commodity prices -- 4. Country case studies : primary commodities and economic development -- 5. Conclusion : commodity dependence in developing countries: economic destiny or minor complication?.
Summary: 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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Holdings
Item type Current library Call number Copy number Status Date due Barcode
Book Book Harare Campus Library Open Shelf HF1040.7 PFA (Browse shelf(Opens below)) 149690 Available BK136360
Book Book Harare Campus Library Open Shelf HF1040.7 PFA (Browse shelf(Opens below)) 149691 Available BK135540

1. Introduction --
2. Developing country growth and the commodity terms of trade --
3. The statistical properites of commodity prices --
4. Country case studies : primary commodities and economic development --
5. Conclusion : commodity dependence in developing countries: economic destiny or minor complication?.

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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