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Commodities and Development Report 2017

Commodity Markets, Economic Growth and Development

image of Commodities and Development Report 2017

The 2017 Commodities and Development Report investigates the transmission channels through which commodity dependence affects micro- and macro-level development outcomes, examines long-term commodity price trends and simulates their impacts on economic agents, and highlights challenges and lessons from ten commodity-dependent developing country case studies. The report concludes that country-level strategies aimed at the achievement of the Sustainable Development Goals (SDGs) must address commodity dependence in order to be successful.

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Introduction

The trend of rising commodity prices that started in 2003 and the period of extreme price volatility that followed in 2008 have given way to declining global prices. It is now widely believed that prices will remain at lower levels in the medium term, as growth in emerging economies has decelerated and, in general, commodity supply has not fully adjusted to the consequent weaker demand. These events have renewed global interest in the relationship between commodity prices and economic development.

English

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