Dependence of countries on export of limited range of raw materials

Other Names:
Economic dependence of developing countries on export of primary commodities
Unplanned expansion of economic base
Single product operation
Single product economy
Single resource thinking
Unplanned production scale
Undiversified commodity-dependent countries
Dependence on few commodities has remained high in many developing countries. Rather than diversification of commodity patterns of trade, in several countries concentration has increased over the past decade; only a few countries have made tangible progress in diversification, primarily based on agro-business. High levels of investment in and substantial rationalization of the commodity sector in many developing countries have resulted mainly in productivity increases benefiting world markets, but only to a small extent in benefits for producers.
Related UN Sustainable Development Goals:
GOAL 7: Affordable and Clean EnergyGOAL 8: Decent Work and Economic GrowthGOAL 12: Responsible Consumption and Production
Problem Type:
F: Fuzzy exceptional problems
Date of last update
04.10.2020 – 22:48 CEST