IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Latin America and the Exportation of Agricultural Resources

  • Piñeiro, Martín
  • Bianchi, Eduardo
Registered author(s):

    The debate on development strategies in Latin America has been strongly influenced by two concepts in the literature of economics: first, by the hypothesis that a rich natural resource endowment can negatively affect development (“the natural resource curse”), and second, the empirical evidence pointing to a constant decline in the agricultural terms of trade. A look at the literature suggests that the “natural resource curse” hypothesis does not hold water and that, on the contrary, with sound policies for the use of the economic surplus, natural resources are indeed associated with development. Recent empirical evidence and an evaluation of the structural conditions of world agriculture suggest that prices of the main agricultural goods will remain high, thus ensuring favorable terms of trade for net food exporting countries. Latin America has an extraordinary agricultural natural resource endowment. If this is to be effectively exploited, it is necessary to elaborate new development strategies and innovative trade policies that will enable the region to insert itself effectively in international trade and attain to a productive structure with more added value. Last, it is also necessary to have fiscal and social policies in place that distribute any benefits and help to build a balanced economic structure.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Article provided by Inter-American Development Bank, INTAL in its journal Integration and Trade / Integración y Comercio.

    Volume (Year): 35 (2012)
    Issue (Month): 16 ()
    Pages: 35-43

    in new window

    Handle: RePEc:idb:intala:jou:integandcom:v:35:y:2012:i:16:p:35-43
    Contact details of provider: Postal: 1300 New York Avenue, NW, Washington, DC 20577
    Phone: 202-623-1000
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:idb:intala:jou:integandcom:v:35:y:2012:i:16:p:35-43. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Bazan)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.