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Natural Resources and Development Strategy after the Crisis

Author

Listed:
  • Milan Brahmbhatt
  • Otaviano Canuto

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?
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Milan Brahmbhatt & Otaviano Canuto, 2010. "Natural Resources and Development Strategy after the Crisis," World Bank Other Operational Studies 10212, The World Bank.
  • Handle: RePEc:wbk:wboper:10212
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    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/10212/531640BRI0Econ10Box345599B01PUBLIC1.pdf?sequence=1
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    References listed on IDEAS

    as
    1. Frederick van der Ploeg & Anthony J. Venables, 2011. "Harnessing Windfall Revenues: Optimal Policies for Resource‐Rich Developing Economies," Economic Journal, Royal Economic Society, vol. 121(551), pages 1-30, March.
    2. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Institutions and the Resource Curse," Economic Journal, Royal Economic Society, vol. 116(508), pages 1-20, January.
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    6. Alvaro Aguirre & César Calderón, 2005. "Real Exchange Rate Misalignments and Economic Performance," Working Papers Central Bank of Chile 316, Central Bank of Chile.
    7. 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.
    8. 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.
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    10. Paul Collier & Anthony J Venables, 2008. "Managing Resource Revenues: Lessons for low income countries," OxCarre Working Papers 012, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    11. Daniel Lederman & William F. Maloney, 2007. "Natural Resources : Neither Curse nor Destiny," World Bank Publications, The World Bank, number 7183, September.
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    14. John T. Cuddington & Rodney Ludema & Shamila A Jayasuriya, 2002. "Prebisch-Singer Redux," Working Papers Central Bank of Chile 140, Central Bank of Chile.
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    Citations

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    Cited by:

    1. Nicole Alice Sindzingre, 2011. "The Rise of China in Sub-Saharan Africa: its Ambiguous Economic Impacts," Post-Print halshs-00636022, HAL.
    2. repec:ipg:wpaper:2014-492 is not listed on IDEAS
    3. Schellekens, Philip, 2013. "A Changing China: Implications for Developing Countries," World Bank - Economic Premise, The World Bank, issue 118, pages 1-9, May.
    4. Brahmbhatt, Milan, 2012. "Fiscal Policy for Growth and Development," World Bank - Economic Premise, The World Bank, issue 91, pages 1-7, October.
    5. Canuto, Otaviano, 2010. "Toward a Switchover of Locomotives in the Global Economy," World Bank - Economic Premise, The World Bank, issue 33, pages 1-6, September.
    6. 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.
    7. Canuto, Otaviano, 2014. "The Commodity Super Cycle: Is This Time Different?," World Bank - Economic Premise, The World Bank, issue 150, pages 1-3, June.
    8. Sandrine Kablan & Josef Loening & Yasuhiro Tanaka, 2014. "Is Chad Affected by Dutch or Nigerian Disease?," Journal of Empirical Economics, Research Academy of Social Sciences, vol. 3(5), pages 278-295.
    9. Canuto, Otaviano & Cavallari, Matheus, 2012. "Natural Capital and the Resource Curse," World Bank - Economic Premise, The World Bank, issue 83, pages 1-6, May.
    10. World Bank, 2012. "Liberia : Inclusive Growth Diagnostics," World Bank Other Operational Studies 12609, The World Bank.
    11. Philip Schellekens, 2013. "A Changing China : Implications for Developing Countries," World Bank Other Operational Studies 16115, The World Bank.
    12. Naazneen H. Barma, 2014. "The Rentier State at Work: Comparative Experiences of the Resource Curse in East Asia and the Pacific," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 1(2), pages 257-272, May.
    13. 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.
    14. 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 Nanterre, EconomiX.

    More about this item

    Keywords

    Private Sector Development - E-Business Finance and Financial Sector Development - Debt Markets Private Sector Development - Emerging Markets Economic Theory and Research Macroeconomics and Economic Growth - Climate Change Economics;

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q58 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Government Policy
    • Q33 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Resource Booms (Dutch Disease)
    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development

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