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Commodity Price Volatility and Inclusive Growth in Low-Income Countries

Author/Editor: Arezki, Rabah | Pattillo, Catherine | Quintyn, Marc | Zhu, Min
Published: October 24, 2012

Summary: In the years following the global financial crisis, many low-income countries experienced rapid recovery and strong economic growth. However, many are now facing enormous difficulties because of rapidly rising food and fuel prices, with the threat of millions of people being pushed into poverty around the globe. The risk of continued food price volatility is a systemic challenge, and a failure in one country has been shown to have a profound impact on entire regions. This volume addresses the challenges of commodity price volatility for low-income countries and explores some macroeconomic policy options for responding to commodity price shocks. The book then looks at inclusive growth policies to address inequality in commodity-exporting countries, particularly natural resource rich countries. Perspectives from the Middle East and North Africa, sub-Saharan Africa, emerging Asia, and Mexico are presented and, finally, the role of the international donor community is examined. This volume is a must read for policymakers everywhere, from those in advanced, donor countries to those in countries with the poorest and most vulnerable populations.
 
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Subject(s): Commodity prices | Economic growth | Income distribution | Poverty
 
English  
    Published:   October 24, 2012        
    ISBN/ISSN:   9781616353797   Format:   Paper
    Stock No:   CPVIEA   Pages:   408
    Price:   US$35.00
       
     
Please address any questions about this title to publications@imf.org.