State of commodity dependence 2021

The 2021 State of Commodity Dependence report provides statistical profiles for 195 UNCTAD member states, demonstrating their export and import commodity dependence over the last decade, along with key structural and socioeconomic variables. It also includes technological indicators to reflect the research theme of escaping from the commodity dependence trap through technology and innovation.

Format: Paperback / softback
Length: 244 pages
Publication date: 30 May 2022
Publisher: United Nations

This 2021 edition of the State of Commodity Dependence presents comprehensive statistical profiles for 195 United Nations Conference on Trade and Development (UNCTAD) member States. Comprising approximately 30 indicators, it provides a detailed examination of the extent of each country's export and import commodity dependence over the past decade, spanning from 2008-2009 to 2018-2019. Moreover, the report delves into the key structural and socioeconomic variables associated with commodity dependence, including factors such as growth in Gross Domestic Product (GDP) and per capita GDP levels, the Human Development Index (HDI), and the value added by different economic sectors. Additionally, the report incorporates a set of technological indicators for each individual country, aligning with the overarching theme of the UNCTAD Commodities and Development Report 2021: Escaping From the Commodity Dependence Trap Through Technology and Innovation.

The State of Commodity Dependence serves as a valuable resource for policymakers, researchers, and stakeholders seeking to understand the dynamics of commodity dependence and its implications for economic development and global trade. By providing a comprehensive analysis of the trends and patterns in commodity dependence across different countries, the report offers insights into the strategies and policies required to promote sustainable and inclusive growth while reducing vulnerability to commodity price fluctuations and external shocks.

One of the key findings of the report is the varying degrees of commodity dependence across different regions and countries. While some countries rely heavily on commodity exports for their economic growth, others have diversified their economies and reduced their dependence on commodities. The report identifies factors such as natural resource endowment, economic structure, and government policies that contribute to commodity dependence and highlights the need for targeted interventions to promote diversification and resilience.

Another important aspect of the report is its examination of the relationship between commodity dependence and economic development. While commodity exports can provide a source of foreign exchange earnings and job opportunities, they can also lead to resource depletion, environmental degradation, and social unrest. The report emphasizes the importance of sustainable resource management, investment in education and infrastructure, and policies that promote inclusive growth and reduce inequality to mitigate the negative impacts of commodity dependence.

The report also highlights the role of technology and innovation in escaping from the commodity dependence trap. By adopting new technologies and investing in research and development, countries can enhance their productivity, improve the quality of their products, and diversify their export markets. The report provides examples of successful technological interventions in various sectors, such as agriculture, renewable energy, and digital technologies, and encourages countries to embrace innovation as a key driver of economic growth and development.

In conclusion, the State of Commodity Dependence 2021 edition offers a comprehensive and insightful examination of the complex phenomenon of commodity dependence. By providing a wealth of data and analysis, the report contributes to our understanding of the challenges and opportunities associated with commodity dependence and provides valuable guidance for policymakers and stakeholders seeking to promote sustainable and inclusive growth.

Dimension: 300 (mm)
ISBN-13: 9789211130218