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
- References
References
Published online by Cambridge University Press: 06 November 2020
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
- References
Summary
A summary is not available for this content so a preview has been provided. Please use the Get access link above for information on how to access this content.
- Type
- Chapter
- Information
- A Handbook of Primary Commodities in the Global Economy , pp. 288 - 307Publisher: Cambridge University PressPrint publication year: 2020
References
Acemoglu, D, Johnson, S, Robinson, J A and Thaicharoen, Y (2003), “Institutional Causes, Macroeconomic Symptoms: Volatility, Crises, and Growth”, Journal of Monetary Economics, vol. 50, no. 1.CrossRefGoogle Scholar
Adämmer, P, Bohl, M T and Gross, C (2015), “Price Discovery in Thinly Traded Futures Markets: How Thin Is Too Thin?” Working Paper 39, University of Münster, Germany.Google Scholar
Adelman, M (2002), “World Oil Production and Prices”, Quarterly Review of Economics and Finance, vol. 42.Google Scholar
Adelman, M and Watkins, C (2005), “US Oil and Natural Gas Reserve Prices, 1982–2003”, Energy Economics, vol. 27.Google Scholar
African Union (2009), Africa Mining Vision, February, www.africaminingvision.org/amv_resources/AMV/Africa_Mining_Vision_English.pdf.Google Scholar
Aguilera, R F and Radetzki, M (2014), “The Shale Revolution: Global Gas and Oil Markets under Transformation”, Mineral Economics, vol. 26, no. 3.CrossRefGoogle Scholar
Aguilera, R F and Radetzki, M (2016), The Price of Oil, Cambridge University Press, Cambridge.Google Scholar
Aguilera, R F, Tilton, J E, Eggert, R G and Lagos, G (2009), “Depletion and the Future Availability of Petroleum Resources”, The Energy Journal, vol. 30, no. 1.Google Scholar
Aharoni, Y (1982), “The State Owned Enterprise: An Agent Without a Principal”, in Jones, L et al. (eds.), Public Enterprises in Developing Countries, Cambridge University Press, Cambridge.Google Scholar
Alexeev, M and Conrad, R (2009), “The Elusive Curse of Oil”, Review of Economics and Statistics, vol. 91, no. 3.Google Scholar
Alhajji, A F and Huettner, D (2000), “OPEC and Other Commodity Cartels: A Comparison”, Energy Policy, vol. 28.CrossRefGoogle Scholar
Allcott, H and Keniston, D (2018), “Dutch Disease or Agglomeration? The Local Economic Effects of Natural Resource Booms in Modern America”, Review of Economic Studies, vol. 85.Google Scholar
Alquist, R and Gervais, O (2013), “The Role of Financial Speculation in Driving the Price of Crude Oil”, The Energy Journal, vol. 34.CrossRefGoogle Scholar
Anderson, K (2013), “Trade Barriers and Subsidies: Multilateral and Regional Reform Opportunities”, in Lomborg, B (ed.), Global Problems, Smart Solutions: Costs and Benefits, Cambridge University Press, Cambridge.Google Scholar
Anderson, K and Martin, W (eds.) (2006), Agricultural Trade Reform and the Doha Development Agenda, World Bank, Washington DC.Google Scholar
Anderson, K and Nelgen, S (2012), “Agricultural Trade Distortions during the Global Financial Crisis”, Oxford Review of Economic Policy, vol. 28, no. 1.Google Scholar
Anderson, K, Rausser, G and Swinnen, J (2013), ”Political Economy of Public Policy: Insights to Distortions to Agricultural and Food Markets”, Journal of Economic Literature, vol. 51, no. 2.Google Scholar
Areddy, J T, Fickling, D and Shirouzu, N (2010), “China Denies Halting Rare-Earth Exports to Japan”, Wall Street Journal, September 23.Google Scholar
Ates, A and Wang, G H K (2005), “Information Transmission in Electronic Versus Open-Outcry Trading Systems: An Analysis of US Equity Index Futures Markets”, Journal of Futures Markets, vol. 25.Google Scholar
Auty, R M (ed.) (2001), Resource Abundance and Economic Development, Oxford University Press, Oxford.Google Scholar
Baffes, J and Haniotis, T (2010), “Placing the 2006/08 Commodity Price Boom into Perspective”, Policy Research Working Paper 5371, World Bank.Google Scholar
Bagattini, G Y (2011), “The Political Economy of Stabilisation Funds: Measuring their Success in Resource-Dependent Countries”, IDS Working Paper 356, Institute of Development Studies.CrossRefGoogle Scholar
Bairoch, P (1965), “La baisse des couts des transports et le développement économique”, Révue de l’Institut de Sociologie, vol. 2.Google Scholar
Barnett, H J and Morse, C (1963), Scarcity and Growth: The Economics of Natural Resource Availability, Resources for the Future, Washington, DC.Google Scholar
Bauer, A (2018), Upstream Oil, Gas and Mining State-Owned Enterprises, Extractive Industries Transparency Initiative, September.Google Scholar
Behrman, J R (1987), “Commodity Price Instability and Economic Goal Attainment in Developing Countries”, World Development, vol. 15, no. 5.Google Scholar
Bessler, W and Wolff, D (2015), “Do Commodities Add Value in Multi-asset-Portfolios? An Out-of-Sample Analysis for Different Investment Strategies”, Journal of Banking and Finance, vol. 60.Google Scholar
Bina, C and Vo, M (2007), “OPEC in the Epoch of Globalization: An Event Study of Global Oil Prices”, Global Economy Journal, vol. 7, no. 1.Google Scholar
Bjørnland, H C, Thorsrud, L A and Torvik, R (2019), “Dutch Disease Dynamics Reconsidered”, European Economic Review, vol. 119.Google Scholar
Blattman, C, Hwang, J and Williamson, J G (2007), “Winners and Losers in the Commodity Lottery: The Impact of Terms of Trade Growth and Volatility in the Periphery 1870–1939”, Journal of Development Economics, vol. 82, no. 1.Google Scholar
Bodie, Z and Rosansky, V I (1980), “Risk and Return in Commodity Futures”, Financial Analysts Journal, vol. 36, no. 3.Google Scholar
Bohi, D R (1999), “Technological Improvement in Petroleum Exploration and Development”, in Simpson, R D (ed.), Productivity in Natural Resource Industries: Improvement through Innovation, Resources for the Future, Washington, DC.Google Scholar
Bomsel, O (1994), The Future of Mining Countries: New Strategies or the Restructuring of the State?, UNCTAD, Geneva.Google Scholar
Borcherding, T E, Pommerehne, W W and Schneider, F (1982), “Comparing the Efficiency of Private and Public Production: The Evidence from Five Companies”, Zeitschrift für Nationalökonomie, vol. 89.Google Scholar
Borenstein, I (1954), “Capital and Output Trends in the Mining Industries 1970–1984”, Occasional Paper 45, National Bureau of Economic Research.Google Scholar
BP (annual), Statistical Review of World Energy, London, www.bp.com/en/global/corporate/energy-economics.html.Google Scholar
Bradsher, K (2010), “Amid Tension, China Blocks Vital Exports to Japan”, New York Times, September 22.Google Scholar
Brown, C P (1980), The Political and Social Economy of Commodity Control, Macmillan, London.Google Scholar
Brunetti, C, Bükyüksahin, B and Harris, J H (2016), “Speculators, Prices and Market Volatility”, Journal of Financial and Quantitative Analysis, vol. 51.Google Scholar
Brunnschweiler, C and Bulte, E H (2008), “The Natural Resource Curse Revised and Revisited: A Tale of Paradoxes and Red Herrings”, Journal of Environmental Economics and Management, vol. 55.Google Scholar
Carattini, S, Kallbekken, S and Orlov, A (2019), “How to Win Public Support for a Global Carbon Tax”, Nature, vol. 565.Google Scholar
Cashin, P and McDermott, C J (2002), “The Long-Run Behavior of Commodity Prices: Small Trends and Big Variability”, IMF Staff Papers, vol. 49, no. 2.Google Scholar
Cavalcanti, T V D V, Mohaddes, K and Raissi, M (2012), “Commodity Price Volatility and the Sources of Growth”, IMF Working Paper WP/12/12.Google Scholar
Center for International Securities and Derivatives Markets (2006), The Benefits of Commodity Investments, 2006 update, Isenberg School of Management, University of Massachusetts, Amherst.Google Scholar
Chazan, G (2011), “UK Oil Tax Rise Drives Drillers to Norway”, Wall Street Journal, June 29.Google Scholar
Chevallier, J and Ielpo, F (2013), The Economics of Commodity Markets, Wiley, West Sussex.Google Scholar
COCHILCO (2005), Copper Statistics 1985–2004, Chilean Copper Commission, Santiago de Chile.Google Scholar
Conover, C M, Jensen, G R, Johnson, R R and Mercer, J M (2010), “Is Now the Time to Add Commodities to Your Portfolio?” Journal of Investing, vol. 19.Google Scholar
Cooper, R N and Lawrence, R Z (1975), “The 1972–75 Commodity Boom”, Brookings Papers on Economic Activity, vol. 6, no. 3.Google Scholar
Corden, M (1984), “Booming Sector and Dutch Disease Economics: Survey and Consolidation”, Oxford Economic Papers, vol. 36, no. 3.Google Scholar
Crain, M W and Devlin, J (2003), “Nonrenewable Resource Funds: A Red Herring for Fiscal Stability?”, paper presented at the annual meeting of the American Political Science Association, August 27, Philadelphia, PA.Google Scholar
Crowson, P (1987), “The Global Distribution and Availability of Mineral Resources”, paper presented to a symposium on mining and petroleum at the Delft University of Technology, November 3–4.Google Scholar
Crowson, P (2006), “Mineral Markets, Prices and the Recent Performance of the Minerals and Energy Sector”, in Maxell, P (ed.), Australian Mineral Economics: A Survey of Important Issues, Monograph 24, Australasian Institute of Mining and Metallurgy, Carlton, Victoria.Google Scholar
Cuddington, J and Jerrett, D (2008), “Super Cycles in Real Metal Prices?” IMF Staff Papers, vol. 55, no. 4.CrossRefGoogle Scholar
Darmstadter, J, Teitelbaum, P D and Polach, J G (1971), Energy in the World Economy: A Statistical Review of Trends in Output, Trade and Consumption since 1925, Resources for the Future, Washington, DC.Google Scholar
Das, A (2012), “Who Extracts Minerals More Efficiently – Public or Private Firms? A Study of Indian Mining Industry”, Journal of Policy Modeling, vol. 34.Google Scholar
Davis, G (1994), South African Managed Trade Policy: The Wasting of a Mineral Endowment, Praeger, New York.Google Scholar
Davis, G (1995), “Learning to Love the Dutch Disease: Evidence from the Mineral Economics”, World Development, vol. 23, no. 10.Google Scholar
Davis, G and Tilton, J (2005), “The Resource Curse”, Natural Resources Forum, vol. 29.Google Scholar
Davis, J, Ossowski, R, Daniel, J and Barnett, S (2001), “Stabilization and Savings Funds for Nonrenewable Resources: Experience and Fiscal Policy Implications”, IMF Occasional Paper 205, International Monetary Fund, Washington, DC.Google Scholar
Dempsey, N, Bramley, G, Power, S and Brown, C (2011), “The Social Dimension of Sustainable Development: Defining Urban Social Sustainability”, Sustainable Development, vol. 19, no. 5.Google Scholar
Desjardins, J (2018), “China’s Staggering Demand for Commodities”, World Economic Forum, March 7, www.weforum.org/agenda/2018/03/china-s-staggering-demand-for-commodities.Google Scholar
Deuskar, P and Johnson, T C (2011), “Market Liquidity and Flow-Driven Risk”, Review of Financial Studies, vol. 24, no. 3.Google Scholar
Dillard, D (1967), Economic Development of the North Atlantic Community, Prentice Hall, New York.Google Scholar
Ding, N and Field, B C (2005), “Natural Resource Abundance and Economic Growth”, Land Economics, vol. 81.CrossRefGoogle Scholar
Dobbs, R, Oppenheim, J, Thompson, F, Mareels, S, Nyquist, S and Sanghvi, S (2013), Resource Revolution: Tracking Global Commodity Markets, MacKinsey Global Institute, September.Google Scholar
Dobozi, I (1987), “Emergence, Performance and World Market Impact of the State Mining Companies in Developing Countries”, Studies on Developing Economies 123, Institute for World Economics, Budapest.Google Scholar
Eggert, R (2013), “Mining, Sustainability and Sustainable Development”, in Maxwell, P (ed.), Mineral Economics, 2nd ed., Australasian Institute of Mining and Metallurgy, Carlton, Victoria.Google Scholar
EIA (2013), Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries outside the United States, Energy Information Administration, Washington DC, June.Google Scholar
EIA (annual), Annual Energy Outlook, Energy Information Administration, Washington DC.Google Scholar
Enerdata (annual), Global Energy Statistical Yearbook, Grenoble, France.Google Scholar
Erb, C B and Harvey, C R (2006), “The Strategic and Tactical Value of Commodity Futures”, Financial Analysts Journal, vol. 62.Google Scholar
European Commission (2019a), “The Common Agricultural Policy at a Glance”, https://ec.europa.eu/info/food-farming-fisheries/key-policies/common-agricultural-policy/cap-glance_en#howitspaidfor.Google Scholar
European Commission (2019b), “EU–Japan Trade Agreement Enters into Force”, press release, European Union, January 31, 2019.Google Scholar
Everingham, J-A (2012), “Towards Social Sustainability of Mining: The Contribution of New Directions in Impact Assessment and Local Governance”, Greener Management International, vol. 57.Google Scholar
EY (2015), “Riding the Silk Road: China Sees Outbound Investment Boom – Outlook for China’s Outward Foreign Direct Investment”, Ernst & Young, March.Google Scholar
Faber, M (1982), “Some Old and New Devices in Mineral Royalties and Taxation”, in Legal and Institutional Arrangements in Mineral Development, Mining Journal Books, London.Google Scholar
Fatás, A and Mihov, I (2005), “Policy Volatility, Institutions and Economic Growth”, CEPR Discussion Paper 5388.Google Scholar
Fattouh, B, Kilian, L and Mahadeva, L (2013), “The Role of Speculation in Oil Markets: What Have We Learned So Far?”, The Energy Journal, vol. 34.Google Scholar
FIA (annual), “Annual Trading Statistics in Futures and Options Market”, www.fia.org/exchange-volume-reports.Google Scholar
Fidler, C and Hitch, M (2007), “Impact and Benefit Agreements: A Contentious Issue for Environmental and Aboriginal Justice”, Environments: A Journal of Interdisciplinary Studies, vol. 35, no. 2.Google Scholar
Financial Times (2015), “Opec Agrees to Keep Oil Output High in Battle for Market”, June 5.Google Scholar
Floyd, R H, Gray, C S and Short, R P (1984), “Public Enterprise in Mixed Economies, Some Macroeconomic Aspects”, IMF Discussion Paper, Washington DC.Google Scholar
Fouquet, R and Pearson, P (2006), “Seven Centuries of Energy Services: The Price and Use of Light in the United Kingdom (1300–2000)”, The Energy Journal, vol. 27, no. 1.Google Scholar
Frank, J and Garcia, P (2011), “Bid-Ask Spreads, Volume, and Volatility: Evidence from Livestock Markets”, American Journal of Agricultural Economics, vol. 93.Google Scholar
Friedman, M (1969), “In Defense of Destabilizing Speculation”, in The Optimum Quantity of Money and Other Essays, Macmillan, London.Google Scholar
Gallagher, K P and Irwin, A (2014), “Exporting National Champions: China’s Outward Foreign Direct Investment Finance in Comparative Perspective”, China & World Economy, vol. 22, no. 6.Google Scholar
Gately, D (1984), “A Ten-Year Retrospective: OPEC and the World Oil Market”, Journal of Economic Literature, September.Google Scholar
Gately, D (2011), “OPEC at 50: Looking Back and Looking Ahead”, conference, National Energy Policy Institute, Tulsa, Oklahoma, April 18.Google Scholar
Ghosh, A and Ostry, J (1994), “Export Instability and the External Balance in Developing Countries”, IMF Working Paper 94/8-EA.Google Scholar
Ghosh, S, Gilbert, C L and Hughes Hallet, A J (1987), Stabilizing Speculative Commodity Markets, Clarendon Press, Oxford.Google Scholar
Gilbert, C L (1996), “Manipulation of Metals Futures, Lessons from Sumitomo”, unpublished manuscript.Google Scholar
Gilbert, C L (2010a), “Speculative Influences on Commodity Futures Prices, 2006–2008”, United Nations Conference on Trade and Development, Discussion Paper 197.Google Scholar
Gilbert, C L (2010b), “How to Understand High Food Prices”, Journal of Agricultural Economics, vol. 61, no. 2.Google Scholar
Gilbert, C L (2011), “International Agreements for Commodity Price Stabilisation: An Assessment”, OECD Food, Agriculture and Fisheries Papers, no. 53.Google Scholar
Gilbert, C L and Morgan, C W (2010), “Food Price Volatility”, Philosophical Transactions of the Royal Society B, vol. 365.Google Scholar
Gillis, M (1980), “The Role of State Enterprises in Economic Development”, Social Research, vol. 47, Summer.Google Scholar
Goeller, H E and Weinberger, A M (1976), “The Age of Substitutability”, Science, vol. 191.Google Scholar
Gooch, E and Gale, F (2018), China’s Foreign Agriculture Investments, EIB-192, US Department of Agriculture, Economic Research Service, April.Google Scholar
Gordon, R B, Bertram, M and Graedel, T E (2006), “Metal Stocks and Sustainability”, Proceedings of the National Academy of Sciences of the United States of America, vol. 103, no. 5.Google Scholar
Gorton, G B and Rouwenhorst, K G (2006), “Facts and Fantasies about Commodity Futures”, Financial Analysts Journal, vol. 62.Google Scholar
Greer, L, Lockie, S and Rolfe, J (2010), “Regions in Transition: Regional Growth and Land Use in the Surat Basin, Queensland”, Commonwealth Scientific and Industrial Research Organisation, Australia.Google Scholar
Greer, R J (1994), “Methods for Institutional Investment in Commodity Futures”, Journal of Derivatives, vol. 2, no. 2.Google Scholar
Griffin, J (2009), A Smart Energy Policy: An Economist’s Rx for Balancing Cheap, Clean, and Secure Energy, Yale University Press, New Haven, CT.Google Scholar
Griffin, J and Steele, H (1986), Energy Economics and Policy, Academic Press, Orlando, FL.Google Scholar
Grilli, E R and Yang, M C (1988), “Primary Commodity Prices, Manufactured Goods Prices and the Terms of Trade of Developing Countries: What the Long Run Shows”, World Bank Economic Review, January.Google Scholar
Guardian (2019), “US–China Trade: What Are Rare-Earth Metals and What’s the Dispute?”, May 29.Google Scholar
Guluzade, A (2019), “Explained, the Role of China’s State-Owned Companies”, World Economic Forum, May 9.Google Scholar
Gylfason, T (2002), “Mother Earth: Ally or Adversary?” World Economics, January–March.Google Scholar
Haase, M, Seiler Zimmermann, Y and Zimmermann, H (2016), “The Impact of Speculation on Commodity Futures Markets: A Review of the Findings of 100 Empirical Studies”, Journal of Commodity Markets, vol. 3.Google Scholar
Haber, S and Menaldo, V (2011), “Do Natural Resources Fuel Authoritarianism? A Reappraisal of the Resource Curse”, American Political Science Review, vol. 105, no. 1.Google Scholar
Hamilton, J D and Wu, J C (2015), “Effects of Index-Fund Investing on Commodity Futures Prices”, International Economic Review, vol. 56, no. 1.Google Scholar
Hamilton, M, Barron, J and Barnett, J (2019), “Saudi Arabia Crude Oil Production Outage Affects Global Crude Oil and Gasoline Prices”, Today in Energy, US Energy Information Administration, September 23.Google Scholar
Harding, T and Venables, A J (2013), “The Implications of Natural Resource Exports for Non-Resource Trade”, OxCarre Research Paper 103, Oxford Centre for the Analysis of Resource Rich Economies.Google Scholar
Heady, D (2011), “Rethinking the Global Food Crisis: The Role of Trade Shocks”, Food Policy, vol. 36.Google Scholar
Heap, A (2005), “China: The Engine of a Commodities Super Cycle”, Citigroup Global Markets Paper, March 31.Heisler, K and Markey, S (2013), “Scales of Benefit: Political Leverage in the Negotiation of Corporate Social Responsibility in Mineral Exploration and Mining in Rural British Columbia, Canada”, Society and Natural Resources, vol. 26, no. 4.Google Scholar
Herfindahl, O (1959), Copper Costs and Prices 1870–1957, Resources for the Future, Washington DC.Google Scholar
Hilson, G and Murck, B (2000), “Sustainable Development in the Mining Industry: Clarifying the Corporate Perspective”, Resources Policy, vol. 26.Google Scholar
Hnatkovska, V and Loayza, N (2005), “Volatility and Growth”, in Aizenman, J and Pinto, B (eds.), Managing Economic Volatility and Crises: A Practitioner’s Guide, Cambridge University Press, Cambridge.Google Scholar
Holder, M E, Thomas, M J and Webb, R I (1999), “Winners and Losers: Recent Competition among Futures Exchanges for Equivalent Financial Contract Markets”, Derivatives Quarterly, vol. 6, no. 2.Google Scholar
Hotelling, H (1931), “The Economics of Exhaustible Resources”, Journal of Political Economy, vol. 39.Google Scholar
Humphreys, D (2015), The Remaking of the Mining Industry, Palgrave Macmillan, New York.Google Scholar
Hurst, L (2015), “Iron Ore Cartel Will Create a Monopoly on Bad Business”, Australian Financial Review, May 17.Google Scholar
ICSG (annual), Statistical Yearbook, International Copper Study Group, Lisbon.Google Scholar
IEA (2001), Oil Supply Security: The Emergency Response Potential of IEA Countries in 2000, International Energy Agency, Paris.Google Scholar
IEA (2004), Analysis of the Impact of High Oil Prices on the Global Economy, International Energy Agency, Paris.Google Scholar
IEA (2005b), “Fact Sheet on IEA Oil Stocks and Emergency Response Potential”, International Energy Agency, Paris.Google Scholar
IEA (2007), Oil Supply Security: Emergency Response of IEA Countries 2007, International Energy Agency, Paris.Google Scholar
IEA (2014c), Energy Supply Security: Emergency Response of IEA Countries 2014, International Energy Agency, Paris.Google Scholar
IEA (2018), Costs and Benefits of Emergency Stockholding, Insight Series 2018, International Energy Agency, Paris.Google Scholar
IEA (annual), World Energy Outlook, International Energy Agency, Paris.Google Scholar
IEA (monthly), Oil Market Report, International Energy Agency, Paris.Google Scholar
IHS (2012), America’s Energy Future: The Unconventional Oil and Gas Revolution and the US Economy, Englewood, CO, USA, October.Google Scholar
IHS (2018), The Shale Gale Turns 10: A Powerful Wind at America’s Back, strategic report, IHS Markit, London, UK, July.Google Scholar
IMF (1982), Financial Statistics Year Book, International Monetary Fund, Washington, DC.IMF (2019), “IMF Standby Credit Facility”, factsheet, www.imf.org/external/np/exr/facts/scf.htm.Google Scholar
IMF (biannual), World Economic Outlook, International Monetary Fund, Washington DC.Google Scholar
INSG (annual), World Nickel Statistics Yearbook, International Nickel Study Group, Lisbon.Google Scholar
International Tin Council (annual), Statistical Yearbook, London.Google Scholar
International Tin Council (monthly), Monthly Statistical Bulletin, London.Google Scholar
Irwin, S H and Sanders, D R (2011), “Index Funds, Financialization, and Commodity Futures Markets”, Applied Economic Perspectives and Policy, vol. 33, no. 1.Google Scholar
Irwin, S H and Sanders, D R (2012), “Financialization and Structural Change in Commodity Futures Markets”, Journal of Agricultural and Applied Economics, vol. 44, no. 3.Google Scholar
Ismail, K (2010), “The Structural Manifestation of the ‘Dutch Disease’ in Oil-Exporting Countries”, IMF Working Paper 10/103.Google Scholar
ITC (2010), Market Access, Transparency and Fairness in Global Trade: Export Impact for Good 2010, International Trade Center, Geneva.Google Scholar
Jacks, D S (2013), “From Boom to Bust: A Typology of Real Commodity Prices in the Long Run”, National Bureau of Economic Research, Working Paper 18874.Google Scholar
Jacks, D S, O’Rourke, K H and Williamson, J G (2011), “Commodity Price Volatility and World Market Integration since 1700”, Review of Economics and Statistics, vol. 93, no. 3.Google Scholar
Kahn, M (2013), “Natural Resources, Nationalism, and Nationalization”, Journal of the Southern African Institute of Mining and Metallurgy, vol. 113, no. 1.Google Scholar
Keynes, J M (1936), The General Theory of Employment, Interest and Money, Harcourt, New York.Google Scholar
Keynes, J M (1974), “The International Control of Raw Materials” (A UK Treasury Memorandum dated 1942), Journal of International Economics, no. 4.Google Scholar
Kharas, H (2010), “The Emerging Middle Class in Developing Countries”, OECD Development Centre Working Paper 285, OECD Publishing, Paris.Google Scholar
Kharas, H and Hamel, K (2018), “A Global Tipping Point: Half the World Is Now Middle Class or Wealthier”, Brookings Institution, September 27.Google Scholar
Kilian, L and Lee, T K (2014), “Quantifying the Speculative Component in the Real Price of Oil: The Role of Global Oil Inventories”, Journal of International Money and Finance, vol. 42.Google Scholar
Kilian, L and Murphy, D P (2014), “The Role of Inventories and Speculative Trading in the Global Market for Crude Oil”, Journal of Applied Econometrics, vol. 29.Google Scholar
Kingsnorth, D J (2010), “The Challenges of Meeting Rare Earths Demand in 2015”, in Proceedings of the Technology and Rare Earth Metals Policy Conference, Washington, DC.Google Scholar
Knittel, C R and Pindyck, R S (2016), “The Simple Economics of Commodity Price Speculation”, American Economic Journal: Macroeconomics, vol. 8, no. 2.Google Scholar
Korinek, J and Kim, J (2010), “Export Restrictions on Strategic Raw Materials and Their Impact on Trade”, OECD Trade Policy Paper 95.Google Scholar
Kowalski, P, Büge, M, Sztajerowska, M and Egeland, M (2013), “State-Owned Enterprises: Trade Effects and Policy Implications”, OECD Trade Policy Paper 147.Google Scholar
Kumar, R and Radetzki, M (1987), “Alternative Fiscal Regimes for Mining in Developing Countries”, World Development, May.Google Scholar
Kuznets, S (1966), Modern Economic Growth, Rate, Structure and Spread, Yale University Press, London.Google Scholar
Labys, W C, Achouch, A and Terraza, M (1999), “Metal Prices and the Business Cycle”, Resources Policy, vol. 25, no. 4.Google Scholar
Laherrere, J (2011), “OPEC Quotas and Crude Oil Production”, The Oil Drum, January 31, www.theoildrum.com/node/7363.Google Scholar
Landes, D S (1980), “The Great Drain and Industrialization: Commodity Flows from Periphery to Center in Historical Perspective”, in Matthews, R C O (ed.), Economic Growth and Resources, vol. 2, Trends and Factors, Macmillan, London.Google Scholar
Loayza, N V, Ranciére, R, Servén, L and Ventura, J (2007), “Macroeconomic Volatility and Welfare in Developing Countries: An Introduction”, World Bank Economic Review, vol. 21, no. 3.Google Scholar
Lomborg, B (2001), The Skeptical Environmentalist, Cambridge University Press, Cambridge.Google Scholar
Lundgren, N-G (1996), “Bulk Trade and Maritime Transport Costs: The Evolution of Global Markets”, Resources Policy, vol. 22, no. 1/2.Google Scholar
Lynas Corporation (2011), Chinese Rare Earth Export Quota Significantly Reduced for Second Half 2010, July 9.Google Scholar
MacAvoy, P (1982), Crude Oil Prices as Determined by OPEC and Market Fundamentals, Ballinger, Cambridge, MA.Google Scholar
MacBean, A I (1966), Export Instability and Economic Development, Oxford University Press, Oxford.Google Scholar
MacBean, A I and Nguyen, D T (1987), Commodity Policies: Problems and Prospects, Croom Helm, London.Google Scholar
Maddison, A (1994), “Explaining the Economic Performance of Nations”, in Baumol, W, Nelson, R and Wolff, E (eds.), Convergence of Productivity, Oxford University Press, Oxford.Google Scholar
Maddison, A (2007), Chinese Economic Performance in the Long Run, 960–2030, OECD, Paris.Google Scholar
Malkenes Hovland, K (2013), “Norway Plans Rise in Taxes on Oil Entities”, Wall Street Journal, May 5.Google Scholar
Malthus, T R (1798), An Essay on the Principle of Population, reprinted in 1970, Penguin Books, Harmondsworth.Google Scholar
Marcel, V (2006), Oil Titans: National Oil Companies in the Middle East, Brookings Institution, Washington, DC.Google Scholar
Markowski, A and Radetzki, M (1987), “State Ownership and the Price Sensitivity of Supply: The Case of the Copper Mining Industry”, Resources Policy, March.Google Scholar
Martin, W and Anderson, K (2011), Export Restrictions and Price Insulation during Commodity Price Booms, American Journal of Agricultural Economics, vol. 94, no. 2.Google Scholar
Masters, M W (2008), “Testimony before the Committee on Homeland Security and Governmental Affairs”, United States Senate, May 20.Google Scholar
Maurice, C and Smithson, C W (1984), The Doomsday Myth: 10,000 Years of Economic Crises, Hoover Institution Press, Stanford, CA.Google Scholar
Maxwell, P (2004), “Chile’s Recent Copper Driven Prosperity”, Minerals and Energy, vol. 19, no. 1.Google Scholar
McKenzie, S (2004), “Social Sustainability: Towards Some Definitions”, Working Paper Series 27, Hawke Research Institute, University of South Australia, Magill.Google Scholar
Meadows, D H, Meadows, D L, Randers, J and Behrens, W W III (1972), The Limits to Growth, Potomac Associates, Washington, DC.Google Scholar
Megginson, W and Netter, J (2001), “From State to Market: A Survey of Empirical Studies on Privatization”, Journal of Economic Literature, vol. 39.Google Scholar
Metallgesellschaft (1984), “Pressmeldungen ueber die Metallmärkte”, Frankfurt am Main, January.Google Scholar
Metallgesellschaft (annual), Metal Statistics, Frankfurt am Main.Google Scholar
Mikesell, R F (1979), New Patterns of World Mineral Development, British-North American Committee, London.Google Scholar
Mikesell, R F (1986), Stockpiling Strategic Materials, American Enterprise Institute for Public Policy Research, Washington, DC.Google Scholar
Miller, B and Sapozhnikov, M (2014), “Mechanisms for Commodity Trading”, Commodities Now, October.Google Scholar
MMSD (2002), Breaking New Ground: Mining, Minerals and Sustainable Development, report of the MMSD Project, Earthscan for International Institute for Environment and Development and World Business Council, London.Google Scholar
Moffat, K and Zhang, A (2014), “The Paths to Social License to Operate: An Integrative Model Explaining Community Acceptance of Mining”, Resources Policy, vol. 39.Google Scholar
Molchanov, P (2003) “A Statistical Analysis of OPEC Quota Violations”, Duke University, April.Google Scholar
Mudd, G M (2010), “The Environmental Sustainability of Mining in Australia: Key Mega-Trends and Looming Constraints”, Resources Policy, vol. 35, no. 2.Google Scholar
Murphy, K (2012), “The Social Pillar of Sustainable Development: A Literature Review and Framework for Policy Analysis”, Sustainability: Science, Practice, and Policy, vol. 8, no. 1.Google Scholar
Nicita, A, Olarreaga, M and Silva, P (2018), “Cooperation in WTO’s Tariff Waters?” Journal of Political Economy, vol. 126, no. 3.Google Scholar
Nordhaus, W D (1997), “Do Real-Output and Real-Wage Measures Capture Reality? The History of Lightning Suggests Not”, in Breshnan, T F and Gordon, R J (eds.), The Economics of New Goods, University of Chicago Press, Chicago, IL.Google Scholar
Nucleonics Week (1971), “Canada, Australia Move Forward Uranium Price, Processing Collaboration”, May 13.Google Scholar
OECD (2014), Export Restrictions in Raw Materials Trade: Facts, Fallacies and Better Practices, OECD, Paris.Google Scholar
OECD (2019), Agricultural Policy Monitoring and Evaluation 2019: OECD Countries, OECD Publishing, Paris.Google Scholar
O’Faircheallaigh, C (2010), “Aboriginal-Mining Company Contractual Agreements in Australia and Canada: Implications for Political Autonomy and Community Development”, Canadian Journal of Development Studies, vol. 30, no. 1–2.Google Scholar
O’Faircheallaigh, C (2013), “Community Development Agreements in the Mining Industry: An Emerging Global Phenomenon”, Community Development, vol. 44, no. 2.Google Scholar
Oil & Gas Journal (2011), “OGJ100 Companies Report Higher Earnings, Output”, Oil & Gas Journal, vol. 109, no. 17.Google Scholar
Ossowski, R, Villafuerte, M, Medas, P A and Thomas, T (2008), “Managing the Oil Revenue Boom: The Role of Fiscal Institutions”, IMF Occasional Paper 260, International Monetary Fund, Washington, DC.Google Scholar
Paley, W S (1952), Resources for Freedom, summary of vol. 1, The President’s Materials Policy Commission, Washington, DC.Google Scholar
Papyrakis, E (2017), “The Resource Curse – What Have We Learned from Two Decades of Intensive Research: Introduction to the Special Issue”, Journal of Development Studies, vol. 53, no. 2.Google Scholar
Parsons, R (2008), “We Are all Stakeholders Now: The Influence of Western Discourses of ‘Community Engagement’ in an Australian Aboriginal Community”, Critical Perspectives on International Business, vol. 4, no. 2–3.Google Scholar
Pindyck, R S (2004), “Volatility and Commodity Price Dynamics”, Journal of Futures Markets, vol. 24, no. 11.Google Scholar
Pindyck, R and Rotemberg, J (1990), “The Excess Co-movement of Commodity Prices”, The Energy Journal, vol. 100.Google Scholar
Pirrong, C (2008), “Restricting Speculation Will Not Reduce Oil Prices”, Wall Street Journal, June 11.Google Scholar
Poulton, M M, Jagers, S C, Linde, S, Van Zyl, D, Danielson, L J and Matti, S (2013), “State of the World’s Nonfuel Mineral Resources: Supply, Demand and Socio-Institutional Fundamentals”, Annual Review of Environment and Resources, vol. 38.Google Scholar
Prebisch, R (1950), “The Economic Development of Latin America and Its Principal Problems, Economic Bulletin for Latin America, no. 7.Google Scholar
Radetzki, M (1970), International Commodity Market Arrangement: A Study of the Effects of Post-War Commodity Agreements and Compensatory Finance Schemes, Hurst, London.Google Scholar
Radetzki, M (1974), “Commodity Prices during Two Booms”, Skandinaviska Enskilda Banken Quarterly Review, no. 4.Google Scholar
Radetzki, M (1975), “Metal Mineral Resource Exhaustion: The Case of Copper”, World Development, vol. 3.Google Scholar
Radetzki, M (1976), “The Potential for Monopolistic Commodity Pricing”, in Helleiner, G K (ed.), A World Divided: The Less Developed Countries in the International Economy, Cambridge University Press, Cambridge.Google Scholar
Radetzki, M (1985), State Mineral Enterprises: An Investigation into Their Impact on the International Mineral Markets, Resources for the Future, Washington, DC.Google Scholar
Radetzki, M (1990a), A Guide to Primary Commodities in the World Economy, Blackwell, Oxford.Google Scholar
Radetzki, M (1990b), “Long Run Factors in Oil Price Formation”, in Winters, L A and Sapsfords, D (eds.), Primary Commodity Prices: Economic Models and Policy, Cambridge University Press, Cambridge.Google Scholar
Radetzki, M (1995), “A Scrutiny of the Motives for Hard Coal Subsidies in Western Europe”, Resources Policy, no. 2Google Scholar
Radetzki, M (2001), The Green Myth: Economic Growth and the Quality of the Environment, Multiscience Publishing, Brentwood.Google Scholar
Radetzki, M (2002), “Is Resource Depletion a Threat to Human Progress? Oil and Other Critical Exhaustible Materials”, paper presented at the Ninth International Energy Conference and Exhibition, Energex 2002: Energy Sustainable Development – A Challenge for the New Century, Krakow, May 19–24.Google Scholar
Radetzki, M (2006), “The Anatomy of the Three Commodity Booms”, Resources Policy, vol. 31.Google Scholar
Radetzki, M (2008), A Handbook of Primary Commodities in the Global Economy, Cambridge University Press, Cambridge.Google Scholar
Radetzki, M (2013a), “The Relentless Progress of Commodity Exchanges in the Establishment of Primary Commodity Prices”, Resources Policy, vol. 38.Google Scholar
Radetzki, M (2013b), “The Perseverance of the Ongoing Metal and Mineral Boom”, Mineral Economics, vol. 25.Google Scholar
Radetzki, M and Zorn, S (1979), Financing Mining Projects in Developing Countries, Mining Journal Books, London.Google Scholar
Radetzki, M, Eggert, R, Lagos, G, Lima, M and Tilton, J (2008), “The Boom in Mineral Markets: How Long Might It Last?”, Resources Policy, vol. 33.Google Scholar
Ramey, G and Ramey, V A (1995), “Cross-country Evidence on the Link between Volatility and Growth”, American Economic Review, vol. 85, no. 5.Google Scholar
Resources for the Future (1987) Resources for Freedom, 35th anniversary edition, Washington, DC.Google Scholar
Reuters (2014), “Saudis Block OPEC Output Cut, Sending Oil Price Plunging”, November 28.Google Scholar
Reuters (2019), “Russia Agrees with Saudi Arabia to Extend OPEC+ Oil Output Deal”, June 29.Google Scholar
Ross, M (2012), The Oil Curse: How Petroleum Wealth Shapes the Development of Nations, Princeton University Press, Princeton, NJ.Google Scholar
Rowe, J W F (1965), Primary Commodities in International Trade, Cambridge University Press, Cambridge.Google Scholar
Rutten, M, Shutes, L and Meijerink, G (2013), “Sit Down at the Ball Game: How Trade Barriers Make the World Less Food Secure”, Food Policy, vol. 38.Google Scholar
Sachs, J and Warner, A (1999), “The Big Push: Natural Resource Booms and Growth”, Journal of Development Economics, vol. 59.Google Scholar
Sachs, J and Warner, A (2001), “Natural Resources and Economic Development: The Curse of Natural Resources”, European Economic Review, vol. 45.Google Scholar
Schmitz, J A (2004), “Privatization’s Impact on Private Productivity: The Case of Brazilian Iron Ore”, Research Department Staff Report 337, Federal Reserve Bank of Minneapolis.Google Scholar
Shah, S and Brorsen, B W (2011), “Electronic vs. Open Outcry: Side-by-Side Trading of KCBT Wheat Futures”, Journal of Agricultural and Resource Economics, vol. 36.Google Scholar
Simpson, R D (ed.) (1999), Productivity in Natural Resource Industries: Improvement through Innovation, Resources for the Future, Washington, DC.Google Scholar
Singleton, K J (2014), “Investor Flows and the 2008 Boom/Bust in Oil Prices”, Management Science, vol. 60.Google Scholar
Singer, H (1950), “The Distribution of Gains between Investing and Borrowing Countries”, American Economic Review, vol. 40.Google Scholar
Skidelsky, R (1996), The Road from Serfdom: Economic and Political Consequences of the End of Communism, Allen & Lane, London.Google Scholar
Smith, J L (2005), “Inscrutable OPEC? Behavioral Tests of the Cartel Hypothesis”, Energy Journal, vol. 26, no. 1.Google Scholar
Solomon, F, Katz, E and Lovel, R (2008), “Social Dimensions of Mining: Research, Policy and Practice Challenges for the Minerals Industry in Australia”, Resources Policy, vol. 33, no. 3.Google Scholar
Stein, J L (1981), “Destabilizing Speculation Activity Can Be Profitable”, Review of Economics and Statistics, vol. 43.Google Scholar
Stevens, P (2015), “The Resource Curse Revisited – Appendix: A Literature Review”, Royal Institute of International Affairs, Chatham House.Google Scholar
Stevens, P, Lahn, G and Kooroshy, J (2015), “The Resource Curse Revisited”, Royal Institute of International Affairs, Chatham House.Google Scholar
Stijns, J C (2005), “Natural-Resource Abundance and Economic Growth Revisited”, Resources Policy, vol. 30, no. 2.Google Scholar
Stratfor (2018), “State-Owned Enterprises Are a Hard Habit China Doesn’t Want to Break”, Worldview Stratfor, November 7. https://worldview.stratfor.com/article/state-owned-enterprises-are-hard-habit-china-doesnt-want-breakGoogle Scholar
Sugawara, N (2014), “From Volatility to Stability in Expenditure: Stabilization Funds in Resource-Rich Countries”, IMF Working Paper WP/14/43.Google Scholar
Suopajärvi, L, Poelzer, G A, Ejdemo, T, Klyuchnikova, E, Korchak, E and Nygaard, V (2016), “Social Sustainability in Northern Mining Communities: A Study of the European North and Northwest Russia”, Resources Policy, vol. 47.Google Scholar
Svedberg, P and Tilton, J (2006), “The Real, Real Price of Non-renewable Resources”, World Development, vol. 34, no. 3.Google Scholar
Tang, K and Xiong, W, (2012), “Index Investing and the Financialization of Commodities”, Financial Analysts Journal, vol. 68.Google Scholar
Telser, L G (1981), “Why There Are Organized Futures Markets”, Journal of Law and Economics, vol. 24.Google Scholar
Tilton, J (1992), “Mineral Wealth and Economic Development: An Overview”, in Tilton, J (ed.) Mineral Wealth and Economic Development, Resources for the Future, Washington, DC.Google Scholar
Tilton, J (2003), On Borrowed Time? Assessing the Threat of Mineral Depletion, Resources for the Future, Washington, DC.Google Scholar
Tilton, J (2006), “Outlook for Copper Prices – Up or Down?” Mining Engineering, August.Google Scholar
Tilton, J (2014), “Cyclical and Secular Determinants of Productivity in the Copper, Aluminum, Iron Ore and Coal Industries”, Mineral Economics, vol. 27.Google Scholar
Tilton, J and Landsberg, H (1999), “Innovation, Productivity, Growth and the Survival of the US Copper Industry”, in Simpson, R D (ed.), Productivity in Natural Resource Industries, Resources for the Future, Washington DC.Google Scholar
Tilton, J and Skinner, B (1987), “The Meaning of Resources”, in McLaren, D and Skinner, B (eds.), Resources and World Development, John Wiley, New York.Google Scholar
UNCTAD (1976), Handbook of International Trade and Development Statistics, United Nations, New York.Google Scholar
UNCTAD (1981), “Processing and Marketing of Phosphates: Areas for International Cooperation”, TD/B/C. IIPSC/22, United Nations.Google Scholar
UNCTAD (1999), “The World Commodity Economy: Recent Evolution, Financial Crises, and Changing Market Structures”, TD/B/COM.1/27, Geneva.Google Scholar
UNCTAD (2003), “Back to Basics: Market Access Issues in the Doha Agenda”, UNCTAD/DITC/TAB/Misc9, Geneva.Google Scholar
UNCTAD (2012a), The Iron Ore Market 2011–2013, United Nations Conference on Trade and Development, Geneva.Google Scholar
UNCTAD (2012b), Excessive Commodity Price Volatility: Macroeconomic Effects on Growth and Policy Options, United Nations, Geneva.Google Scholar
UNCTAD (annual a), Review of Maritime Transport, United Nations, New York.Google Scholar
UNCTAD (annual b), Handbook of Statistics, United Nations, New York.Google Scholar
UNCTAD (annual d), Trade and Development Report, United Nations, New York.Google Scholar
UNCTAD (monthly), Monthly Commodity Price Bulletin, United Nations.Google Scholar
UNEP (2010), Metal Stocks in Society, Scientific Synthesis, International Panel for Sustainable Resource Management, United Nations Environment Programme, Nairobi.Google Scholar
United Nations (2014), Millennium Development Goal 8: The State of the Global Partnership for Development, United Nations, New York.Google Scholar
United Nations (annual a), Statistical Yearbook, New York.Google Scholar
United Nations (annual b), International Trade Statistics Yearbook, New York.Google Scholar
United Nations (monthly), Monthly Statistical Bulletin of the United Nations, New York.Google Scholar
USAID (2013), “Economic Effects of Indonesia’s Mineral-Processing Requirements for Export”, study produced by Nathan Associates Inc. for the US Agency for International Development, Jakarta, April.Google Scholar
US Bureau of Mines (1986), South Africa and Critical Materials, Division of Minerals Policy Analysis, Bureau of Mines, US Department of the Interior, Washington DC, July.Google Scholar
US Census (2019), Foreign Trade 2018, www.census.gov/foreign-trade/balance/c5700.html#2018.Google Scholar
US Department of Commerce (2018), “Secretary Ross Releases Steel and Aluminum 232 Reports in Coordination with White House”, February 16, www.commerce.gov/news/press-releases/2018/02/secretary-ross-releases-steel-and-aluminum-232-reports-coordination.Google Scholar
USGS (annual), Mineral Commodity Summaries, United States Geological Survey, Washington, DC.Google Scholar
Valenzuela, E, van der Mensbrugghe, D and Anderson, K (2009), “General Equilibrium Effects of Price Distortions on Global Markets, Farm Incomes and Welfare”, in Anderson, K (ed.) Distortions to Agricultural Incentives: A Global Perspective, 1955–2007, Palgrave Macmillan, London; World Bank, Washington, DC.Google Scholar
van der Ploeg, F and Poelhekke, S (2009), “Volatility and the Natural Curse”, Oxford Economic Papers, vol. 61, no. 4.Google Scholar
van der Ploeg, F and Poelhekke, S (2010), “The Pungent Smell of ‘Red Herrings’: Sub-soil Assets, Rents, Volatility and the Resource Curse”, Journal of Environmental Economics and Management, vol. 60, no. 1.Google Scholar
van der Ploeg, F and Poelhekke, S (2017), “The Impact of Natural Resources: Survey of Recent Quantitative Evidence”, Journal of Development Studies, vol. 53, no. 2.Google Scholar
van Eyden, R, Difeto, M, Gupta, R and Wohar, M E (2019), “Oil Price Volatility and Economic Growth: Evidence from Advanced Economies Using More Than a Century’s Data”, Applied Energy, vol. 233–234.Google Scholar
Varian, H (2014), Intermediate Microeconomics: A Modern Approach, 9th ed., W.W. Norton & Co., New York.Google Scholar
Vedavalli, (1977), “Market Structure of Bauxite/Alumina/Aluminum, and Prospects for Developing Countries”, World Bank Commodity Paper, no. 24.Google Scholar
Vernon, R (1983), Two Hungry Giants: The United States and Japan in the Quest for Oil and Ores, Harvard University Press, Cambridge, MA.Google Scholar
Wälde, T (1984), “Third World Mineral Development: Recent Issues and Literature”, Journal of Energy & Natural Resources Law, vol. 2.Google Scholar
Wårell, L (2014a), “Trends and Developments in Long-Term Steel Demand: The Intensity-of-Use Hypothesis Revisited”, Resources Policy, vol. 39.Google Scholar
Wårell, L (2014b), “The Effect of a Change in Pricing Regime on Iron Ore Prices”, Resources Policy, vol. 41.Google Scholar
WBMS (2014), World Metal Statistics Yearbook 2014, World Bureau of Metal Statistics, London.Google Scholar
WCED (1987), Our Common Future, World Commission on Environment and Development, Oxford University Press, Oxford.Google Scholar
Wenar, L (2008), “Property Rights and the Resource Curse”, Philosophy & Public Affairs, vol. 36, no. 1.Google Scholar
Widerlund, A, Öhlander, B and Ecke, F (2014), Environmental Aspects of Mining, pre-study report, Luleå University of Technology.Google Scholar
Will, M G, Prehn, S, Pies, I and Glauben, T (2016), “Is Financial Speculation with Agricultural Commodities Harmful or Helpful? A Literature Review of Current Empirical Research”, Journal of Alternative Investment, vol. 18, no. 3.Google Scholar
Williams, M L (1975), “The Extent and Significance of the Nationalization of Foreign-Owned Assets in the Developing Countries”, Oxford Economic Papers, vol. 27.Google Scholar
Williamson, J G (2008), “Globalization and the Great Divergence: Terms of Trade Booms and Volatility in the Poor Periphery 1782–1913”, European Review of Economic History, vol. 12.Google Scholar
World Bank (2002), Treasure or Trouble? Mining in Developing Countries, Washington, DC.Google Scholar
World Bank (2011), Overview of State Ownership in the Global Minerals Industry, Extractive Industries for Development Series 20, Washington, DC, May.Google Scholar
World Bank (2018a), Commodity Markets Outlook, The Changing of the Guard: Shifts in Commodity Demand, World Bank Group, October.Google Scholar
World Bank (2018b), Impacts on Global Trade and Income of Current Trade Disputes, July, MTI Practice Note 2, Washington, DC.Google Scholar
World Bank (2018c), Global Economic Prospects: Broad-based Upturn, But for How Long?, Washington, DC.Google Scholar
World Bank (2019a), Commodity Markets Outlook: Food Price Shocks: Channels and Implications, Washington, DC.Google Scholar
World Bank (2019b), Agriculture, Value Added (% of GDP), https://data.worldbank.org/indicator/NV.AGR.TOTL.ZS.Google Scholar
World Bureau of Metal Statistics (annual), World Metal Statistics Yearbook, London/Hertfordshire.Google Scholar
World Steel Association (annual), Steel Statistical Yearbook.Google Scholar
Wright, G and Czelusta, J (2004), “The Myth of the Resource Curse”, Challenge, vol. 47, no. 2.Google Scholar
WSJ (2016), “Barrel Breakdown”, Wall Street Journal, April 15, http://graphics.wsj.com/oil-barrel-breakdown.Google Scholar
WTO (2012), China – Measures Related to the Exportation of Rare Earths, Tungsten and Molybdenum – Request for Consultations, WT/DS431/1, March 15.Google Scholar
WTO (2014), China – Measures Related to the Exportation of Rare Earths, Tungsten and Molybdenum – Reports of the Panel, WT/DS431/R, March 26.Google Scholar
WTO (annual), World Trade Statistical Review, Geneva.Google Scholar
Yan, L and Garcia, P (2017), “Portfolio Investment: Are Commodities Useful?”, Journal of Commodity Markets, vol. 8.Google Scholar
Zambian Mining Yearbook (various issues), Kitwe.Google Scholar
Zhu, X (2012), “Understanding China’s Growth: Past, Present, and Future”, Journal of Economic Perspectives, vol. 26, no. 4.Google Scholar