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Trade and Development Report 2008

Commodity Prices, Capital Flows and the Financing of Investment

image of Trade and Development Report 2008

The Trade and Development Report 2008, subtitled Commodity Prices, Capital Flows and the Financing of Investment” highlights the paradox that the “capital poor” developing world is exporting capital to the “capital rich” developed countries. The Report suggests shifting the focus in financial policies from households putting more money aside and imports of foreign savings, to the reinvestment of profits and credit creation through the domestic banking system.

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Commodity price hikes and instability

One of the main features of the world economy since 2002 has been the price boom in international markets for primary commodities. This has been driven by the relatively strong and stable performance of the world economy, fast growth and structural change in a number of large developing economies, and increasing attention by policymakers and market participants to the challenges of climate change and shrinking oil reserves.

English

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