Global crises and developing countries: financial, environmental, resource and food perspectives
<p style="text-align:justify;"> The global financial crisis has potentially many adverse effects on the developing world: falls in exports of goods and services to the OECD, dramatic falls in commodity prices and resource exports, and falls in remittances. Many of the poorer countri...
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| Format: | Journal article |
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World Scientific Publishing
2009
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| _version_ | 1797080071499939840 |
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| author | Van Der Ploeg, F |
| author_facet | Van Der Ploeg, F |
| author_sort | Van Der Ploeg, F |
| collection | OXFORD |
| description | <p style="text-align:justify;"> The global financial crisis has potentially many adverse effects on the developing world: falls in exports of goods and services to the OECD, dramatic falls in commodity prices and resource exports, and falls in remittances. Many of the poorer countries are heavily specialized and dependent on natural resources, often landlocked, ethnically polarized, and financially underdeveloped. They therefore suffer especially from the notorious volatility of natural resource prices. Volatile oil prices harm not only producers and consumers in the developing world, but also harm environmental quality if they hold back irreversible investments in costly energy-saving technology and hydrocarbon substitutes. In the aftermath of the crisis, political leaders should seek for a global deal whereby resource-rich developing countries are helped to cope with managing very volatile streams of resource revenues while cutting back pollution of the energy industries. The global crisis facing the world today is thus not only a financial crises, but also a fuel and commodity crisis. In addition, the world also faces a food, water, and climate change crisis, all of which undermine the ability to sustain prosperity and eradicate poverty in the developing world. Hence, the contours of a Global Green New Deal will be sketched. </p> |
| first_indexed | 2024-03-07T00:54:54Z |
| format | Journal article |
| id | oxford-uuid:87b601d8-4262-4fd9-bd3f-be641a7c2cfd |
| institution | University of Oxford |
| last_indexed | 2024-03-07T00:54:54Z |
| publishDate | 2009 |
| publisher | World Scientific Publishing |
| record_format | dspace |
| spelling | oxford-uuid:87b601d8-4262-4fd9-bd3f-be641a7c2cfd2022-03-26T22:12:22ZGlobal crises and developing countries: financial, environmental, resource and food perspectivesJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:87b601d8-4262-4fd9-bd3f-be641a7c2cfdSymplectic Elements at OxfordWorld Scientific Publishing2009Van Der Ploeg, F <p style="text-align:justify;"> The global financial crisis has potentially many adverse effects on the developing world: falls in exports of goods and services to the OECD, dramatic falls in commodity prices and resource exports, and falls in remittances. Many of the poorer countries are heavily specialized and dependent on natural resources, often landlocked, ethnically polarized, and financially underdeveloped. They therefore suffer especially from the notorious volatility of natural resource prices. Volatile oil prices harm not only producers and consumers in the developing world, but also harm environmental quality if they hold back irreversible investments in costly energy-saving technology and hydrocarbon substitutes. In the aftermath of the crisis, political leaders should seek for a global deal whereby resource-rich developing countries are helped to cope with managing very volatile streams of resource revenues while cutting back pollution of the energy industries. The global crisis facing the world today is thus not only a financial crises, but also a fuel and commodity crisis. In addition, the world also faces a food, water, and climate change crisis, all of which undermine the ability to sustain prosperity and eradicate poverty in the developing world. Hence, the contours of a Global Green New Deal will be sketched. </p> |
| spellingShingle | Van Der Ploeg, F Global crises and developing countries: financial, environmental, resource and food perspectives |
| title | Global crises and developing countries: financial, environmental, resource and food perspectives |
| title_full | Global crises and developing countries: financial, environmental, resource and food perspectives |
| title_fullStr | Global crises and developing countries: financial, environmental, resource and food perspectives |
| title_full_unstemmed | Global crises and developing countries: financial, environmental, resource and food perspectives |
| title_short | Global crises and developing countries: financial, environmental, resource and food perspectives |
| title_sort | global crises and developing countries financial environmental resource and food perspectives |
| work_keys_str_mv | AT vanderploegf globalcrisesanddevelopingcountriesfinancialenvironmentalresourceandfoodperspectives |