Brahmbhatt, MilanCanuto, Otaviano2012-08-132012-08-132010-02https://hdl.handle.net/10986/10212In this note the authors briefly review four questions: how dependent are developing countries on primary commodity exports? What is the outlook for primary commodity prices? Is there a natural resource "curse" (or blessing)? What policies can help poor countries best manage commodity resources for long-run development?CC BY 3.0 IGOAGGREGATE DEMANDAGRICULTURAL COMMODITIESAGRICULTUREALLOCATIONASSET PRICESBALANCE OF PAYMENTSBALANCE OF PAYMENTS CRISESBENCHMARKCAPITAL MARKETSCAPITAL STOCKCENTRAL BANKCHECKSCOMMODITIESCOMMODITYCOMMODITY EXPORTCOMMODITY EXPORTSCOMMODITY PRICECOMMODITY PRICESDEBTDEBT LEVELSDEVELOPING COUNTRIESDEVELOPING ECONOMIESDEVELOPMENT ECONOMICSDEVELOPMENT PATHSDEVELOPMENT POLICIESDEVELOPMENT STRATEGYDISCOUNT RATEECONOMIC GROWTHECONOMIC PERFORMANCEECONOMIC POLICIESECONOMIC PROBLEMSECONOMIC RESEARCHELASTICITYEXCHANGE RATEEXCHANGE RATESEXPENDITURESEXPORTERSEXTERNAL DEBTFINANCIAL ASSETSFINANCIAL CRISISFISCAL POLICIESFISCAL POLICYFORECASTSFOREIGN ASSETSFOREIGN DEBTFUEL USEGLOBAL ECONOMIC PROSPECTSGLOBAL RECESSIONGOOD GOVERNANCEGOVERNMENT REVENUESGOVERNMENT SPENDINGHUMAN CAPITALIMPORT SUBSTITUTIONIMPORTSINCOMEINCOME LEVELSINCOME STREAMINCREASING RETURNSINCREASING RETURNS TO SCALEINFLATIONINFRASTRUCTURE INVESTMENTSINNOVATIONINSPECTIONINTANGIBLEINTEREST RATESINVENTORYINVESTMENT CLIMATEINVESTMENT CLIMATE REFORMSINVESTMENT FUNDSINVESTMENT MANAGEMENTINVESTMENT PROJECTSLOW-INCOME COUNTRIESMACROECONOMIC MANAGEMENTMANUFACTURINGMATERIALMISMANAGEMENTMONETARY POLICYNATURAL RESOURCENATURAL RESOURCESNETWORKSOUTPUTOVERVALUATIONPERMANENT INCOMEPOLICY FORMULATIONPOLICY FRAMEWORKPOLITICAL ECONOMYPOLITICAL UNCERTAINTYPRICE INDEXPRICE LEVELSPRICE VOLATILITYPRIVATE INVESTMENTPROCUREMENTPRODUCTION PROCESSESPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC SPENDINGRAPID INDUSTRIALIZATIONRATES OF RETURNREAL EXCHANGE RATEREAL EXCHANGE RATESREAL INTERESTREAL INTEREST RATESRELATIVE PRICESRESERVESRESULTRESULTSRETURNRETURNSSAVINGSSAVINGS RATESSKILL SHORTAGESSOCIAL CAPITALSOCIAL DEVELOPMENTSTRUCTURAL CHANGESUPPLY SIDETAXTRANSPARENCYTRANSPARENCY INITIATIVEVOLATILITYWAGESWEALTHWorld Bank10.1596/10212