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Or more support for developing countries to diversify away from reliance on export of primary commodities?
For a number of reasons, many African countries continue to rely on the export of primary commodities rather than value addition and diversification of the economic base.
They showed that if a third or more of a country's G.D.P. came from the export of primary commodities, the likelihood of conflict was 22 percent.
Foreign exchange is obtained chiefly from the export of primary commodities that are vulnerable to volatile world markets and foreign-currency fluctuations.
The trade policy supplement continued this theme, banning cement exports and removing all incentives on the export of primary steel products.
But now, with the Peruvian economy heavily dependent on the export of primary commodities such as copper, gold, oil and gas, often located on indigenous lands, what concrete difference will the new law make?
Similar(44)
Together with the introduction of steamship lines in the Magdalena, Orinoco, La Plata Paraná, and other river systems, the railroad thus opened up the possibilities for exports of primary goods.
The concentration on exports of primary goods and the competition of imported manufactures with domestic products served as powerful disincentives to economic diversification.
An otherwise typical country whose exports of primary commodities account for 10% of GDP has an 11% chance of being at war.
"Countries remain heavily dependent on a few economic sectors and on exports of primary products, making them highly vulnerable to exogenous shocks such as commodity prices, exchange rate fluctuations and external demand.
But the poorest one-sixth of humanity endures four-fifths of the world's civil wars.The best predictors of conflict are low average incomes, low growth, and a high dependence on exports of primary products such as oil or diamonds.
More suggestions(16)
sale of primary
corporation of primary
outputs of primary
export of frozen
export of e-waste
export of heavy
export of unstamped
export of questionable
export of services including
export of national-cultural
export of crocodile
export of manufactured
export of complete
export of Iraqi
export of hard
export of labour
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com