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Friday, April 24, 2020 | History

2 edition of Commodity instability and developing countries found in the catalog.

Commodity instability and developing countries

Alfred Maizels

Commodity instability and developing countries

the debate

by Alfred Maizels

  • 136 Want to read
  • 2 Currently reading

Published by World Institute for Development Economics Research of the United Nations University in Helsinki, Finland .
Written in English

    Places:
  • Developing countries.
    • Subjects:
    • Commodity control.,
    • Price regulation -- Developing countries.

    • Edition Notes

      StatementAlfred Maizels.
      SeriesWIDER working papers,, WP 34
      Classifications
      LC ClassificationsHF1413 .M298 1988
      The Physical Object
      Pagination43 p. ;
      Number of Pages43
      ID Numbers
      Open LibraryOL2129164M
      LC Control Number88191849

      Honduras Global Economic Prospects examines trends for the world economy and how they affect developing countries. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.   While economic diversification is of particular importance for mineral- and commodity-dependent countries (and even more so in the face of declining commodity prices), it is a challenge for most developing countries as they seek to deliver higher-productivity jobs for growing workforces. The Failure of International Commodity Agreements. Monday, March 1, the economies of indus­trial and developing countries are mutually interdependent, as is the guardianship of peaceful cohabita­tion of nations. Perhaps the most persuasive and yet the most dubious proposal to remedy the instability of for­eign exchange earnings Author: Karl Brandt. Wright, Brian D. “Intellectual Property Rights Challenges and International Research Collaborations in Agricultural Biotechnology.” In Agricultural Biotechnology in Developing Countries: Towards Optimizing the Benefits for the Poor. Edited by M. Qaim, A. Krattiger, and J. von Braun. Dordrecht, The Netherlands: Kluwer Academic Publishers.

      Many developing countries find that their economies are greatly tied to the export of one commodity, such as tin. Since the price elasticities of supply and demand of most commodities are low, modest changes in supply or demand can exert large swings in commodity prices and export earnings.


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Commodity instability and developing countries by Alfred Maizels Download PDF EPUB FB2

The theoretical analysis points to the need for the developing countries to distinguish clearly whether their commodity price stabilization is intended to: (1) stabilize export revenue, or (2) maximize revenue and welfare of commodity exporting countries, or (3) minimize export expenditure and maximize welfare of commodity importing countries.

Get this from a library. Commodity instability and developing countries: the debate. [Alfred Maizels]. And commodities, fuels, grains, and oilseeds are important imports for several countries. The notorious volatility of commodity prices is a major source of instability and uncertainty in commodity-dependent countries, affecting governments, producers (farmers), traders, processors, and financial institutions.

The significance of commodity price instability for the economic development of commodity-exporting countries has been perhaps the dominant theme in the postwar literature on the "commodity problem". One of the contending postwar views of the significance of excessive commodity price fluctuations on the economies of producing countries can be traced Commodity instability and developing countries book to Keynes.

This book is a collection of the policy briefs edited after the conference. Commodity market instability and asymmetries in developing countries: Development impacts and policies Edited by Alexandros Sarris, Professor, National and Kapodistrian University of Athens, Greece, and senior fellow at Ferdi.

The significance of commodity price instability for the economic development of commodity-exporting countries has been perhaps the dominant theme in the postwar literature on the "commodity problem".

One of the contending postwar views of the significance of excessive commodity price fluctuations on the economies of producing countries can be traced back to Keynes. In a now famous memorandum. A Handbook of Primary Commodities in the Global Economy is a guide to the ins and outs of this increasingly crucial part of the world economy.

“ Commodity Price Instability and Economic Goal Attainment in Developing Countries,” World and Zorn, S. (), Financing Mining Projects in Developing Countries, Mining Journal Books, London. A common feature of most of these stories about the short- and long-run macro effects of international primary commodity instability on the producing developing countries is that the government (and, to a lesser extent, private economic entities) does not utilize countercyclical policies sufficiently to offset, at least entirely, the primary commodity by: Commodity price instability has a negative impact on economic growth, countries' financial resources, and income distribution, and may lead to increased poverty instead of poverty alleviation.

Many countries, especially in Africa, derive more than 90% of their export earnings from commodities. But, for many developing countries, the crisis may barely have begun, and the human toll of a major Covid outbreak would be orders of magnitude larger than in any advanced economy.

More than 50 developing countries depend on three or fewer commodities for Commodity instability and developing countries book than half of their exports and, in fact, many rely on a single commodity for a large share of export earnings. This reliance inevitability exposes countries to the risk of export earnings instability as a result of price shocks and, perhaps even more significantly, the falling purchasing power of exports over the.

Commodity dependence refers to the ratio of the value of commodity exports to the value of merchandise exports.2 Commodity dependent developing countries (CDDCs) are developing states whose ratio of commodity export value exceeds 60%.File Size: KB.

Commodity Price Instability and Debt-linking by Developing Countries Article in International Advances in Economic Research 12(3) February with 2 Reads How we measure 'reads'Author: Trevor Chamberlain. A developing country is considered as "Commodity Dependent Developing Country" (CDDC) when its commodity export revenues contribute for more than 60 per cent of its total good export earnings.

Two thirds of all developing countries are considered as CDDCs in with 1. When this work was first published inthere was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries.

The book concluded that short term fluctuations in export earnings, though perhaps important for some countries, did not appear to be the general problem that had Cited by: Attempts to diversify the commodity composition of developing countries' exports are a familiar response to the problem of export instability.

Important arguments have tended to be discussed. Most developing countries borrow in world capital markets. Typically this borrowing is denominated in one of the major currencies and requires periodic servicing. The foreign exchange required to meet the service obligation is often dependent on the export of one or a small number of by: 1.

Commodity price instability and economic goal attainment in developing countries. Abstract. This paper reviews the theoretical and empirical micro and macro foundations for the frequent claims that instabilities in international commodity markets have deleterious effects on goal attainment in primary-commodity exporting developing by: He has also held positions with the Commodity Futures Trading Commission and UNCTAD, as well as acting as an economic adviser to the Pacific Islands Forum and the Prime Minister of Papua New Guinea.

Samantha Newton is a Consultant for the Economic Affairs Division of the Commonwealth Secretariat. Book Description. When this work was first published inthere was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries.

The Commodity Yearbook (in two volumes), contains statistics on trade, production and consumption of commodities, as well as special tables showing the most important exporting and importing countries, the shares of regions in commodity trade, the share of commodity exports in GDP and total exports, commodity prices and instability indices for prices, degree of processing in developing.

This book is a guide to the primary commodity universe, an increasingly crucial part of the world economy. (), “ Commodity Price Instability and Economic Goal Attainment in Developing Countries Performance and World Market Impact of the State Mining Companies in Developing Countries,” Studies on Developing Economies No Cited by: The commodity problem has two sides: instability and the declining terms of trade.

Their importance to the developing countries can be seen in the following statements: (1) Exports of primary products account for some per cent. of the total export earnings of the LDCs Downloadable. In57 countries depended on three commodities for more than half their exports, reports UNCTAD.

And commodities, fuels, grains, and oilseeds are important imports for several countries. The notorious volatility of commodity prices is a major source of instability and uncertainty in commodity-dependent countries, affecting governments, producers (farmers), traders.

Commodity Agreements and Developing Countries 3 1 1 ly debate of the new commodity policy, UNCTAD indeed succeeded. Books and articles on trade policies toward less developed countries pro-liferated after 7 If political embarrassment of the developed countries, particularly the United States, is a measure, UNCTAD's was a double success.

commodity prices led to lower economic growth in 35 Sub-Saharan African commodity exporters. In the same vein, Dehn () found that per capita growth rates were significantly reduced by large negative commodity price shocks in developing countries over the period The author also highlighted that ex-ante price uncertainty does.

Louis Phlips The stabilisation of primary commodity prices, and the related issue of the stabilisation of export earnings of developing countries, have traditionally been studied without reference to the futures markets (that exist or could exist) for these commodities.

These futures markets have in turn been s~udied in isolation. The book argues that the viability of many observed market and non-market interventions in various countries in agricultural products depends considerably on the underlying behaviour of the relevant commodity markets.

Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade.

When this work was first published inthere was much interest in various types of commodity agreements and compensatory financing as methods of reducing the effects of export fluctuations on the economies of developing countries.

The book concluded that short term fluctuations in export earnings, though perhaps important for some. Volatile Commodity Prices Detrimental to Developing Economies Nov Commodity price volatility has detrimental effect on the public finances of developing countries, according to research conducted by two lecturers at the University of Auvergne in France.

Instability indices for price and export earnings of non-fuel primary commodities of developing countries are about 12 and 14% respectively for – Agricultural products experienced higher instability in both price and value.

Since the early s, instability has been intensified drastically. The types of commodities exported by a country are another important determinant of a country’s vulnerability to exogenous economic shocks.

The majority of developing countries are dependent on primary commodities1 for export revenues and, of the developing countries, 95 depend on primary commodities. COVID Resources.

Reliable information about the coronavirus (COVID) is available from the World Health Organization (current situation, international travel).Numerous and frequently-updated resource results are available from this ’s WebJunction has pulled together information and resources to assist library staff as they consider how to handle coronavirus.

‘An excellent and up-to-date volume’ – Aslib Book Guide ‘In general, the editors succeeded in that the selected papers reflect the “richness and diversity” of the economics of commodity markets it is a useful additional source for those who are dealing with commodity markets.’ – Roland Herrmann, Weltwirtschaftliches Archiv Primary commodities – food, raw materials.

Even though global trade has fluctuated over the years, it has also rapidly increased. However, the structure and pattern of trade vary significantly by-products and regions. Undoubtedly, trade has come with both benefits and daunting challenges to countries involved, especially in African nations, where primary and intermediate merchandise formed a substantial share of by: 1.

EXPORT INSTABILITY AND ECONOMIC GROWTH IN ETHIOPIA Yohannes Ayalew 1. INTRODUCTION Exports of developing countries are concentrated in a narrow range of primary commodities and are destined to few markets. Thus, fluctuations in earnings from one commodity or market are not offset by compensating changes in proceeds from another product or.

Read "Export Instability and Economic Development" by available from Rakuten Kobo. When this work was first published inthere was much interest in various types of commodity agreements and compens Brand: Taylor And Francis.

The instability of government, a weak political culture and inefficiency of political parties causes a politically instable state. Political instability has become a serious problem especially for the developing and underdeveloped countries.

This problem is associated with a series of problems in various fields. This book is Open Access and available here. Food price volatility is one of the major challenges facing current and future global food systems. Sinceglobal food prices have fluctuated greatly around an increasing trend and price spikes were observed for key food commodities such as rice, wheat, and maize.

The full or partial transmission of these global food price changes to individual. Presenting for the first time a complete analysis of the issues surrounding commodity prices and development, this book is the culmination of three years of research commissioned by the Commonwealth Secretariat to look at various aspects of commodity prices.

The problems faced by commodity dependent developing countries are : Roman Grynberg. In both transition and developing economies, price liberalization led to a rapid increase in the availability of products for consumer use [17].

The Asian Financial Crisis The countries of the Asian economic boom in the mid ’s are a perfect example of how unstable monetary policy can bring even the most impressively growing economy down.Presenting for the first time a complete analysis of the issues surrounding commodity prices and development, this book is the culmination of three years of research commissioned by the Commonwealth Secretariat to look at various aspects of commodity prices.

The problems faced by commodity dependent developing countries are cturer: Oxford University Press.Dependence on single agricultural commodity exports in developing countries: magnitude and trends. 1. Introduction. A prominent feature of agricultural commodity exports in many developing countries is that relatively few commodities account for a large share of total export earnings.