Natural Resources and Development Strategy after the Crisis
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World Bank, Washington, DC
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In this note the authors briefly review
four questions: how dependent are developing countries on
primary commodity exports? What is the outlook for primary
commodity prices? Is there a natural resource
"curse" (or blessing)? What policies can help poor
countries best manage commodity resources for long-run development?
Palabras clave
AGGREGATE DEMAND, AGRICULTURAL COMMODITIES, AGRICULTURE, ALLOCATION, ASSET PRICES, BALANCE OF PAYMENTS, BALANCE OF PAYMENTS CRISES, BENCHMARK, CAPITAL MARKETS, CAPITAL STOCK, CENTRAL BANK, CHECKS, COMMODITIES, COMMODITY, COMMODITY EXPORT, COMMODITY EXPORTS, COMMODITY PRICE, COMMODITY PRICES, DEBT, DEBT LEVELS, DEVELOPING COUNTRIES, DEVELOPING ECONOMIES, DEVELOPMENT ECONOMICS, DEVELOPMENT PATHS, DEVELOPMENT POLICIES, DEVELOPMENT STRATEGY, DISCOUNT RATE, ECONOMIC GROWTH, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC PROBLEMS, ECONOMIC RESEARCH, ELASTICITY, EXCHANGE RATE, EXCHANGE RATES, EXPENDITURES, EXPORTERS, EXTERNAL DEBT, FINANCIAL ASSETS, FINANCIAL CRISIS, FISCAL POLICIES, FISCAL POLICY, FORECASTS, FOREIGN ASSETS, FOREIGN DEBT, FUEL USE, GLOBAL ECONOMIC PROSPECTS, GLOBAL RECESSION, GOOD GOVERNANCE, GOVERNMENT REVENUES, GOVERNMENT SPENDING, HUMAN CAPITAL, IMPORT SUBSTITUTION, IMPORTS, INCOME, INCOME LEVELS, INCOME STREAM, INCREASING RETURNS, INCREASING RETURNS TO SCALE, INFLATION, INFRASTRUCTURE INVESTMENTS, INNOVATION, INSPECTION, INTANGIBLE, INTEREST RATES, INVENTORY, INVESTMENT CLIMATE, INVESTMENT CLIMATE REFORMS, INVESTMENT FUNDS, INVESTMENT MANAGEMENT, INVESTMENT PROJECTS, LOW-INCOME COUNTRIES, MACROECONOMIC MANAGEMENT, MANUFACTURING, MATERIAL, MISMANAGEMENT, MONETARY POLICY, NATURAL RESOURCE, NATURAL RESOURCES, NETWORKS, OUTPUT, OVERVALUATION, PERMANENT INCOME, POLICY FORMULATION, POLICY FRAMEWORK, POLITICAL ECONOMY, POLITICAL UNCERTAINTY, PRICE INDEX, PRICE LEVELS, PRICE VOLATILITY, PRIVATE INVESTMENT, PROCUREMENT, PRODUCTION PROCESSES, PRODUCTIVITY, PRODUCTIVITY GROWTH, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC SPENDING, RAPID INDUSTRIALIZATION, RATES OF RETURN, REAL EXCHANGE RATE, REAL EXCHANGE RATES, REAL INTEREST, REAL INTEREST RATES, RELATIVE PRICES, RESERVES, RESULT, RESULTS, RETURN, RETURNS, SAVINGS, SAVINGS RATES, SKILL SHORTAGES, SOCIAL CAPITAL, SOCIAL DEVELOPMENT, STRUCTURAL CHANGE, SUPPLY SIDE, TAX, TRANSPARENCY, TRANSPARENCY INITIATIVE, VOLATILITY, WAGES, WEALTH