Falling Commodity Prices: Implications for Asian and Pacific Developing Countries

Kedar N. Kohli and Ifzal Ali

Asian Development Review (ADR), 1987, vol. 05, issue 01, 44-60

Abstract: In recent years, the prices of major agricultural commodities, metals and minerals, including crude oil, declined sharply, leading to a collapse of commodity markets in 1985 and 1986. The movement in the terms of trade to the detriment of countries exporting primary commodities is of growing concern to many Asian and Pacific developing countries. This article attempts to assess the impact of falling commodity prices on these countries. First, it briefly analyzes the factors contributing to the decline in prices. Then, it examines the effects on the availability of foreign exchange and domestic resources for developing countries and considers the need for economic adjustments in these countries. Finally, it outlines the implications for multilateral development agencies and draws some conclusions from the discussion.

Date: 1987
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DOI: 10.1142/S0116110587000022

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