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Australia, which relies heavily on exports of commodities to China, fell sharply earlier in the summer.
As in Africa, much of that success has been based on exports of commodities, especially to China.
The region remains uncomfortably dependent on exports of commodities, such as copper and oil, whose prices are likely to remain depressed as the world economy slows.
Inequality has fallen in countries that rely heavily on exports of commodities, such as Peru, but also in those where manufacturing plays a bigger role, such as Mexico.
Steve Miller, a spokesman for Sunflower, argues that Kansas's economy depends on exports of commodities like grain, and that the new electricity would be another valuable export.
Some people still see Australia as an example of the old rather than the new, high-tech economy, a country that still depends heavily on exports of commodities from mines and farms.
Similar(40)
What does it mean to have a "commodities boom", or growth driven by the export of commodities?
It was whether the country depended heavily on the export of commodities like coffee, timber, coca, gold or oil.
Government finances in such countries as Angola, Botswana, Chad, Congo and Nigeria, which rely heavily on the export of commodities, are being pummelled.
They were shocked to discover that the single best predictor of conflict was a nation's dependence on the export of commodities.
But on the other side of the coin are the reasons for that growth: the large-scale export of commodities with no clear industrial or institutional benefits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com