This volume studies the role of natural resources in development and economic diversification. It brings together a variety of analytical perspectives, ranging from econometric analyses of economic growth to historical studies of successful development experiences in countries with abundant...

This paper studies the volatility of commodity prices on the basis of a large dataset of monthly prices observed in international trade data from the United States over the period 2002 to 2011. The conventional wisdom in academia and policy circles is that primary commodity prices are more...

"Front Cover" -- "Contents" -- "Acknowledgments" -- "About the Authors" -- "Abbreviations" -- "Chapter 1 Introduction" -- "Note" -- "Chapter 2 What Is a Small Economy?" -- "What Is a “Small” Economy?" -- "Differences in Economic Orientation among Small Economies in LAC" -- "Economic...