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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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Overview

The majority of developing countries are commodity dependent. Commodity-export-dependent developing countries (hereafter referred to as CDDCs) derive the bulk of their export earnings from primary commodities such as minerals, ores, metals, fuels, agricultural raw materials and food. Countries that have a high ratio of commodity imports to total merchandise trade are considered commodity-import-dependent. Both forms of commodity dependence may cause potentially harmful impacts and affect all dimensions of sustainable development. Most of the developing countries that depend on commodity exports and/or imports are characterized by low human development.

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