1. Introduction -- 2. Developing country growth and the commodity terms of trade -- 3. The statistical properites of commodity prices -- 4. Country case studies : primary commodities and economic development -- 5. Conclusion : commodity dependence in developing countries: economic destiny or...

Commodity booms are usually associated with commodity-exporting countries suffering from real exchange rate appreciation and negative economic consequences, that is, Dutch disease. Yet, there are different ways to manage or not manage the commodity rent earned via exports. Based on a monetary...

Contents; Foreword; Acknowledgments; Abbreviations; Overview; Figure O.1 The recent commodity boom was the largest and longest of any boom since 1900; Figure O.2 Real commodity prices in local currency units increased by between 75 and 150 percent but have fallen since; Figure O.3 Slower growth should...

Using panel data 43 developing countries over the period 1980-2010, the paper examines the impact of the Commodity Terms of Trade (CTOT) Index on the real GDP per capita growth in developing countries. The study finds that for all countries in the sample, an increase in the CTOT index...