Title: Uncertain Prospects of Commodity-Dependent Developing Countries
Abstract: In the first decade of the twenty-first century commodity markets appear to have undergone deep changes. In view of the rise in commodity prices over the period 2003–200S, the impact of China on global commodity prices and terms of trade has been considered as a factor that could lift prices beyond their historic trend. As argued by Raphael Kaplinsky in Chapter 6 of this volume, the two 'Asian drivers' — China and India — might be seen as disruptive forces in the global political economy. Their growth has underlain a rise in demand that is likely to push up the prices of 'hard commodities', agricultural products and fuels.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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Cited By Count: 6
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