Ruta, Michele; Venables, Anthony - In: Integración y Comercio / Integration and Trade 35 (2012) 16, pp. 7-16
Natural resources account for 20 per cent of global merchandise trade, and have a number of distinctive features. Prices are volatile; resources dominate many countries’ exports, and are of vital importance for importers. They carry large rents, the distribution of which depends on world...