Problem
Dependence of countries on export of limited range of raw materials
Other Names:
Economic dependence of developing countries on export of primary commoditiesUnplanned expansion of economic base
Single product operation
Single product economy
Single resource thinking
Unplanned production scale
Undiversified commodity-dependent countries
Incidence:
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. Broader Problems:
Economic dependenceUnderdeveloped export potentialInstability of the commodities tradeEconomic non-viability of small countries Narrower Problems:
Limited employment baseInadequate farm crop diversityLong-term shortage of commoditiesEconomic dependence of countries on the drug trade Related Problems:
Time consuming proceduresHaphazard community growth patternsDependence of national economies on a single source of finance Aggravates:
Unstable economic base Strategies:
Integrating humanitarian issues and sustainable developmentExporting limited range of raw materials Subject(s):
Fundamental Sciences → MaterialResources → Resources
Commerce → Import, export
Industry → Production
Industry → Products
Industry → Commodities
Societal Problems → Dependence
Economics → Economic
Economics → Economy
Related UN Sustainable Development Goals:
Problem Type:
F: Fuzzy exceptional problems Date of last update
04.10.2020 – 22:48 CEST