Primary Products and Economic Growth: Rejoinder

1967 ◽  
Vol 75 (6) ◽  
pp. 881-885 ◽  
Author(s):  
Edward J. Chambers ◽  
Donald F. Gordon
2020 ◽  
pp. 142-163
Author(s):  
Robert I. Rotberg

Solving Africa’s central concerns of the mid-twenty-first century—how to grow economically as its population surges and how to create more and more jobs for its burgeoning labor force—relies on China. Likewise, enabling Africa to improve its human security and human welfare in most of its component nations depends on China. Third, strengthening Africa’s infrastructural architecture depends mostly on China. Without steady domestic Chinese economic growth and the behemoth’s consequent continued need for primary resources derived from Africa, however, prospects for many of the latter continent’s nation-states are, at best, problematic. Chinese demand drives African prosperity, raises world prices for primary products, and has made it possible for a number of the polities of Africa to accumulate wealth, to uplift their peoples, and to begin to play larger roles on the world’s stage. In this decade, and later, Africa and China are bound together synergistically in ways that cannot readily be replaced by trade, aid, or attention from the United States, India, Russia, Brazil, or Europe.


1966 ◽  
Vol 74 (4) ◽  
pp. 315-332 ◽  
Author(s):  
Edward J. Chambers ◽  
Donald F. Gordon

2020 ◽  
Vol 9 (2) ◽  
pp. 429
Author(s):  
Ibrahim Qasem Alshomaly ◽  
Walid Shawaqfeh

This paper examined the relationship between the patterns of export diversification and economic growth in west Asian Arab countries during the period (2000-2017) using World Bank, UNCTAD, and Pen World data. The study used the DX Diversification Index (UNCTAD). This index measures the country's export divergence from the world's diversification patterns. The OLS and FMOLS methods were used to estimate the study model coefficients. The study found that the exports diversification structures in this group diverged clearly from the world diversification pattern since the exports of group countries driven by a high degree of primary exports concentration. Moreover, the economic growth was influenced positively by human capital, primary products export growth, and the adoption of efficient anti-corruption policies, but, it negatively influenced by trade openness and population growth. The study disclosed a long-term relationship between economic growth and the interactions of explanatory variables in the model, while in the short run the relationship was weak and insignificant. Moreover, there was a reciprocal causality relationship between economic growth and the degree of exports diversification using (DX-index). The study recommends that Arab countries should reduce the reliance on the exports of primary products, enhancing the share of industrial-based exports to achieve sustainable growth and to reduce the impacts of primary export’s prices instability on their economies.


1985 ◽  
Vol 27 (4) ◽  
pp. 111-116 ◽  
Author(s):  
Henry C. Wallich

Central America has always seemed to me a particularly fruitful object of study, of economic and particularly monetary affairs, because of the existence of six countries of not too different size and economic structure. This situation provides an opportunity for assessing the workings of certain economic principles.In economic terms, the countries of Central America are very small units. For such units, economics can provide a few analytical propositions that seem prima facie plausible. One is that such economies need not indefinitely specialize in exports of primary products, but if they diversity and industrialize their economies, it must be for export. Industrialization for the domestic market is unlikely to permit sufficient economies of scale. In this regard, the Central American countries have industrialized much less than the small republics in the Far East, and accordingly have not enjoyed as rapid a rate of economic growth.


1967 ◽  
Vol 75 (6) ◽  
pp. 876-880 ◽  
Author(s):  
John H. Dales ◽  
John C. McManus ◽  
Melville H. Watkins

1978 ◽  
Vol 8 (4) ◽  
pp. 43-45
Author(s):  
Sanford Wright

The importance of economic growth, development, and independence to. African countries cannot be overemphasized; Africa has been, and continues to be, the most economically disadvantaged part of the world. Economic growth, normally indicated by the increase in monetary Gross Domestic Product, is essential to meet the needs of increasing populations as well as their rising levels of expectations. Development involves the structural changes necessary to make an economy more balanced, integrated, and flexible, and is essential for sustaining growth. Economic dependence, which is reflected in such features as open economies, high levels of foreign assistance, and exports of a few primary products to a limited number of destinations, is viewed as being a major causal factor for underdevelopment and an impingement on national pride and dignity.


Sign in / Sign up

Export Citation Format

Share Document