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Natural Resources and Development Strategy after the Crisis

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  • Brahmbhatt, Milan

    ()
    (World Bank)

  • Canuto, Otaviano

    ()
    (World Bank)

Abstract

Recent events have rekindled interest in the role of primary commodities in development. Was the boom in commodity prices from around 2003 through 2008 just a cyclical event, or does it suggest that prices have entered on a period of secular strength, driven by factors such as demand in big, fast-growing developing countries like China?

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Bibliographic Info

Article provided by The World Bank in its journal Economic Premise.

Volume (Year): (2010)
Issue (Month): 1 (February)
Pages: 1-7

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Handle: RePEc:wbk:prmecp:ep1

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Related research

Keywords: financial crisis; GDP; commodities; developement; China; Latin America; natural resources; trade; economic recession; recovery;

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References

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  1. Paul Collier & Benedikt Goderis, 2007. "Commodity Prices, Growth, and the Natural Resource Curse: Reconciling a Conundrum," CSAE Working Paper Series 2007-15, Centre for the Study of African Economies, University of Oxford.
  2. Cuddington, John T. & Ludema, Rodney & Jayasuriya, Shamila A, 2002. "Prebisch-Singer Redux," Working Papers 15857, United States International Trade Commission, Office of Economics.
  3. Frederick Van der Ploeg & Anthony J. Venables, 2009. "Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies," CESifo Working Paper Series 2571, CESifo Group Munich.
  4. Stephan Pfaffenzeller & Paul Newbold & Anthony Rayner, 2007. "A Short Note on Updating the Grilli and Yang Commodity Price Index," World Bank Economic Review, World Bank Group, vol. 21(1), pages 151-163.
  5. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2002. "Institutions and the resource curse," GE, Growth, Math methods 0210004, EconWPA.
  6. Sachs, J-D & Warner, A-M, 1995. "Natural Resource Abundance and Economic Growth," Papers 517a, Harvard - Institute for International Development.
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Citations

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Cited by:
  1. Schellekens, Philip, 2013. "A Changing China: Implications for Developing Countries," World Bank - Economic Premise, The World Bank, issue 118, pages 1-9, May.
  2. World Bank, 2012. "Liberia : Inclusive Growth Diagnostics," World Bank Other Operational Studies 12609, The World Bank.
  3. Philip Schellekens, 2013. "A Changing China : Implications for Developing Countries," World Bank Other Operational Studies 16115, The World Bank.
  4. Nicole Alice Sindzingre, 2011. "The Rise of China in Sub-Saharan Africa: its Ambiguous Economic Impacts," Post-Print halshs-00636022, HAL.
  5. Terheggen, Anne, 2010. "The new kid in the forest: the impact of China's resource demand on Gabon's tropical timber value chain," MPRA Paper 37982, University Library of Munich, Germany.
  6. Canuto, Otaviano, 2014. "The Commodity Super Cycle: Is This Time Different?," World Bank - Economic Premise, The World Bank, issue 150, pages 1-3, June.
  7. Kablan, Sandrine & Loening, Josef, 2012. "Is Chad affected by Dutch or Nigerian disease?," MPRA Paper 39799, University Library of Munich, Germany, revised 02 Jul 2012.
  8. Lee Robinson & Alice Nicole Sindzingre, 2012. "China’s Ambiguous Impacts on Commodity-Dependent Countries: the Example of Sub-Saharan Africa (with a Focus on Zambia)," EconomiX Working Papers 2012-39, University of Paris West - Nanterre la Défense, EconomiX.
  9. Otaviano Canuto, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank Other Operational Studies 10159, The World Bank.
  10. Machiko, Nissanke, 2011. "International and Institutional Traps in Sub-Saharan Africa under Globalisation: A Comparative Perspective," CEI Working Paper Series 2011-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
  11. Brahmbhatt, Milan, 2012. "Fiscal Policy for Growth and Development," World Bank - Economic Premise, The World Bank, issue 91, pages 1-7, October.
  12. Canuto, Otaviano & Cavallari, Matheus, 2012. "Natural Capital and the Resource Curse," World Bank - Economic Premise, The World Bank, issue 83, pages 1-6, May.

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