dc.contributor.author
Agramont-Lechín, Daniel
dc.date.accessioned
2024-10-01T14:11:44Z
dc.date.available
2024-10-01T14:11:44Z
dc.identifier.uri
https://refubium.fu-berlin.de/handle/fub188/45120
dc.identifier.uri
http://dx.doi.org/10.17169/refubium-44832
dc.description.abstract
In the early 21st century, Bolivia and Peru experienced remarkable economic growth,
coupled with notable reductions in poverty and inequality. However, the subsequent
economic slowdown triggered by declining international commodity prices raised
concerns about the sustainability of their progress. Historically, both nations have been
vulnerable to fluctuations in global commodity prices, often resulting in social unrest
and political instability. This study examines whether the significant influx of resources
to Bolivia and Peru from 2003 to 2013, attributed to the commodity boom, fostered
structural transformation or, on the contrary, reinforced their dependence on the global
economy. Analyzing macroeconomic and productivity data, the research indicates a
strong correlation between their economic performance and the commodity supercycle
trend. A primary finding suggests that rather than fostering a more self-reliant economic
integration, the 21st-century economic boom exacerbated the reliance of both nations
on natural resource extraction. However, a more nuanced examination reveals
divergent medium-term impacts driven by each nation’s development model. Peru,
through diversification of international revenue streams and prudent macroeconomic
policies, managed to mitigate the effects of declining commodity prices. In contrast,
Bolivia’s economy bore the brunt of diminishing income, not only due to the end of
the commodity boom but also due to insufficient investments in productive sectors.
en
dc.format.extent
34 Seiten
dc.rights.uri
http://www.fu-berlin.de/sites/refubium/rechtliches/Nutzungsbedingungen
dc.subject
extractivism
en
dc.subject
neoliberalism
en
dc.subject
post-neoliberalism
en
dc.subject
natural resource dependence
en
dc.subject.ddc
300 Sozialwissenschaften::300 Sozialwissenschaften, Soziologie::300 Sozialwissenschaften
dc.title
The Impact of the 21st Century Commodity Supercycle on Natural-Resource Dependent Economies
dc.identifier.urn
urn:nbn:de:kobv:188-refubium-45120-0
dc.title.subtitle
The Case of Bolivia and Peru
dcterms.bibliographicCitation.url
https://www.programa-trandes.net/portal-virtual/Working-Paper/index.html
refubium.affiliation
Lateinamerika-Institut (LAI)
refubium.resourceType.isindependentpub
yes
refubium.series.issueNumber
14
refubium.series.name
trAndeS Working Paper Series
dcterms.accessRights.dnb
free
dcterms.accessRights.openaire
open access