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
2 - The Geography of Commodity Production and Trade
Published online by Cambridge University Press: 06 November 2020
- 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 comprises four sections. The first section defines primary commodities and classifies them into a variety of distinct groups. The second section attempts to determine the significance of commodities in the international economy, both at the aggregate and individual product level. The third section paints a broad picture of the current geography of traded commodity production and consumption. The import dependence of the major industrial regions on overseas commodity supply is explored and quantified, and the most important commodity-exporting countries are identified in the process. Section four assumes an historical perspective and considers briefly the forces that have led to the increasing dependence of Western Europe, the USA and Japan and, more recently, China and India, on commodity imports over the past 100 years.
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- A Handbook of Primary Commodities in the Global Economy , pp. 28 - 53Publisher: Cambridge University PressPrint publication year: 2020