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The World Economic Crisis

A Commonwealth Perspective: Selected Background Papers Prepared for a Commonwealth Group of Experts

image of The World Economic Crisis

The papers included in this volume were prepared to assist the Group of Experts which the Commonwealth Heads of Government, meeting in August 1979, had requested the SecretaryGeneral to assemble in order to “investigate and report on the factors inhibiting structural change and a sustained improvement in economic growth” and to identify specific measures by which developed and developing countries, Commonwealth and nonCommonwealth might act to reduce or eliminate such constraints as a matter of urgency”. The Group consisted of 10 experts who served in their personal capacities and were drawn from a representative range of developed and developing countries. During the first half of 1980 they met three times, and in July 1980 their Report was published by the Commonwealth Secretariat under the title ‘The World Economic Crisis: A Commonwealth Perspective’ (ISBN: 085092183X).

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Some Current Issues in Commodities, Food and Agriculture

Commodities are responsible for a large proportion of the exports of developing countries - about 60 per cent if oil is excluded. In terms of production, primary products loom larger since a higher proportion of locally consumed food in these countries is domestically produced. Although the exports and production of manufactured goods are increasing faster than those of commodities, the much larger primary products sector in developing countries - whether through its expansion or other improvement - clearly has a large role to play in economic development.

English

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