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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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The behaviour of commodity prices: Simulating long-term trends and socioeconomic impacts

Commodity price trends and volatility continue to be a matter of concern to the world economy. Primary commodities account for about 25 per cent of world merchandise trade. Of the 189 United Nations Member States for which data are available in UNCTADstat for the period 1995 to 2014, 64 per cent of developing countries are commodity-dependent, and the most vulnerable countries show the greatest dependence on commodity exports. Among LDCs, 79 per cent are commodity-dependent. As chapter I has discussed in some detail, commodity dependence is associated with poor economic outcomes and low levels of human development.

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