The behaviour of commodity prices: Simulating long-term trends and socioeconomic impacts
- Author: United Nations Conference on Trade and Development
- Main Title: Commodities and Development Report 2017 , pp 15-24
- Publication Date: January 2018
- DOI: https://doi.org/10.18356/79d91727-en
- Language: English
Commodity price trends and volatility continue to be a matter of concern to the world economy. Primary commodities account for about 25 per cent of world merchandise trade. Of the 189 United Nations Member States for which data are available in UNCTADstat for the period 1995 to 2014, 64 per cent of developing countries are commodity-dependent, and the most vulnerable countries show the greatest dependence on commodity exports. Among LDCs, 79 per cent are commodity-dependent. As chapter I has discussed in some detail, commodity dependence is associated with poor economic outcomes and low levels of human development.
© United Nations
ISBN (PDF):
9789210600934
Book DOI:
https://doi.org/10.18356/805f1697-en
Related Subject(s):
Economic and Social Development
;
International Trade and Finance
Sustainable Development Goals:
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