This new collection presents the very latest research on commodity prices and economic development, in the context of a changing globalised economy.

The chapters explore a number of current perspectives on medium term commodity price developments, focussing on ongoing structural transformations. Beginning with an exploration of long term commodity trends and general commodity characteristics, the book goes on to present in-depth studies of particular markets. Case studies are taken from a diverse range of countries and regions, and examine key fuel and non-fuel commodity...

Our post-industrialised global economy has achieved spectacular success and pushed back poverty to an extent previously thought impossible. This success is ultimately based on the continued supply of both renewable and non-renewable resources. Will this supply of primary commodities remain sufficient to support global economic growth? Why are the gains for countries specialising on commodity production often so limited? Can commodity dependent countries diversify into other economic activities?"

Primary Commodities and Economic Development" addresses the changing position of primary...