Commodity dependence is a trap: once a country is commodity dependent, it is difficult to develop a productive sector out of commodities and export non-commodity products. This publication argues that without strong action at the highest political level in Commodity-dependent Developing Countries (CDDCs), these countries will remain trapped for centuries. It demonstrates how technology and innovation could lead the way to economic and structural transformation in CDDCs, helping to diversify economies and lessen dependence on the commodity sector and, in turn, strengthen productivity growth. Enabling CDDCs to escape from the commodity dependence trap requires stronger cooperation between CDDCs and their trading and development partners with regard to technological acquisition and domestication. Indeed, a conducive framework for technology accessibility and its transfer to CDDCs is ultimately needed at the international level.
| ISBN: | 9789211130188 |
| Publication date: | 30th October 2021 |
| Author: | United Nations Conference on Trade and Development |
| Publisher: | United Nations Publications |
| Format: | Paperback |
| Pagination: | 144 pages |
| Genres: |
Development economics and emerging economies Development studies Economic growth International economics |
Commodity dependence is a trap: once a country is commodity dependent, it is difficult to develop a productive sector out of commodities and export non-commodity products. This publication argues that without strong action at the highest political level in Commodity-dependent Developing Countries (CDDCs), these countries will remain trapped for centuries. It demonstrates how technology and innovation could lead the way to economic and structural transformation in CDDCs, helping to diversify economies and lessen dependence on the commodity sector and, in turn, strengthen productivity growth. Enabling CDDCs to escape from the commodity dependence trap requires stronger cooperation between CDDCs and their trading and development partners with regard to technological acquisition and domestication. Indeed, a conducive framework for technology accessibility and its transfer to CDDCs is ultimately needed at the international level.
Commodities and Development Report 2021 features in the following genres: Development economics and emerging economies, Development studies, Economic growth, International economics
Commodities and Development Report 2021 is available in Paperback
Commodities and Development Report 2021 was written by United Nations Conference on Trade and Development and published by United Nations Publications
Commodities and Development Report 2021 has 144 pages