Book contents
- A Handbook of Primary Commodities in the Global Economy
- A Handbook of Primary Commodities in the Global Economy
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 The Historical Framework
- 2 The Geography of Commodity Production and Trade
- 3 Comparative Advantage and Trade Policy Distortions
- 4 Fossil Fuels
- 5 Price Formation and Price Trends in Commodities
- 6 Commodity Booms
- 7 Commodity Exchanges, Commodity Investments and Speculation
- 8 Sustainability and the Threats of Resource Depletion
- 9 Fears of and Measures to Assure Supply Security
- 10 Producer Cartels in International Commodity Markets
- 11 Public Ownership of Commodity Production
- 12 The Monoeconomies: Issues Raised by Heavy Dependence on Commodity Production and Exports
- References
- Index
12 - The Monoeconomies: Issues Raised by Heavy Dependence on Commodity Production and Exports
Published online by Cambridge University Press: 06 November 2020
Book contents
- A Handbook of Primary Commodities in the Global Economy
- A Handbook of Primary Commodities in the Global Economy
- Copyright page
- Contents
- Figures
- Tables
- Acknowledgments
- Introduction
- 1 The Historical Framework
- 2 The Geography of Commodity Production and Trade
- 3 Comparative Advantage and Trade Policy Distortions
- 4 Fossil Fuels
- 5 Price Formation and Price Trends in Commodities
- 6 Commodity Booms
- 7 Commodity Exchanges, Commodity Investments and Speculation
- 8 Sustainability and the Threats of Resource Depletion
- 9 Fears of and Measures to Assure Supply Security
- 10 Producer Cartels in International Commodity Markets
- 11 Public Ownership of Commodity Production
- 12 The Monoeconomies: Issues Raised by Heavy Dependence on Commodity Production and Exports
- References
- Index
Summary
This chapter is devoted to the special problems encountered by nations that are heavily dependent on a small group of commodities, or, in the extreme case, reliant on a single commodity (monoeconomies). We begin by discussing the measures of commodity dependence and definemonoeconomies in the process. We then turn to exploring the problems of export instability, fiscal extraction and exchange rate policies that often arise in commodity-dependent countries. We finally deal with Dutch disease and the resource curse, two ailments of particular significance to monoeconomies.
- Type
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- Information
- A Handbook of Primary Commodities in the Global Economy , pp. 256 - 287Publisher: Cambridge University PressPrint publication year: 2020