- Additional Authors
- Description
- 40 p.; 21 x 29.7cm.
- Summary
- Strong growth in China and India has led to improvements in raw-material exporting countries' terms of trade and attracted complementary finance. The long-term challenge for these countries, where institutions are often fragile, is to avoid the so-called "resource curse". This paper aims to provide a comparative perspective between policy choices in commodity-exporting countries, contrasting the experiences of Africa and Latin America. First, it highlights global macroeconomic links between the Asian Drivers (China and India) and these regions. Second, it discusses optimal policy responses from a macroeconomic and institutional perspective. Third, it presents empirical evidence on macroeconomic, particularly fiscal responses to Dutch disease and the specialisation effects caused by Asian Drivers' demand and assesses the benefits and challenges offered by the Asian Drivers from a macro perspective for both Africa and Latin America.
- Series Statement
- OECD Development Centre Working Papers, 1815-1949 ; no.270
- Uniform Title
- OECD Development Centre Working Papers, no.270.
- Subject
- Development
- LCCN
- 10.1787/240356635678
- OCLC
- oecd-lib-001495
- Author
Avendaño, Rolando.
- Title
The Macro Management of Commodity Booms [electronic resource]: Africa and Latin America's Response to Asian Demand / Rolando Avendaño, Helmut Reisen and Javier Santiso
- Imprint
Paris : OECD Publishing, 2008.
- Series
OECD Development Centre Working Papers, 1815-1949 ; no.270
OECD Development Centre Working Papers, 1815-1949 ; no.270.
- Connect to:
- Indexed Term
Development
- Added Author
Reisen, Helmut.
Santiso, Javier.
- Other Standard Identifier
10.1787/240356635678 doi