From commodities to resources: The changing role of raw materials in development analyses and strategies

Des produits de base aux ressources: l’évolution de la place des matières premières dans les analyses et stratégies de développement

Vincent Geronimi and Claire Mainguy

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Abstract: Based on the articles in Mondes en développement, we propose a reading of the evolution of the role of raw materials in development analyses and strategies according to three main intertwined dynamics: That of the general evolution of development thought, according to the chronology presented by Hugon (2007), that of the evolution of commodity markets, with their shocks and disruptions; that of the rise of sustainable development (from "raw materials" to "resources"). This rereading outlines the contours of a political economy of development, taking into account uncertainty and institutions, actors' strategies, and the effects of scale.

Keywords: Commodities; Price trends; Instability; Terms of trade; Developing economies; Development theories (search for similar items in EconPapers)
Date: 2022-03-01
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Published in Mondes en Développement, 2022, 2022/3-4 (199-200), pp.193-213. ⟨10.3917/med.199.0197⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04428289

DOI: 10.3917/med.199.0197

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