Natural Resources in Latin America and the Caribbean - No.3
In 2021, Latin America and the Caribbean saw an increase in the prices of the main export commodities, mainly as a result of the recovery in global demand following the impact of the COVID-19 pandemic. Issue No. 3 of the ECLAC Natural Resources in Latin America and the Caribbean Bulletin, prepared by the Natural Resources Division of ECLAC, offers an analysis of the movements in prices of non-renewable natural resources and agricultural products in Latin America and the Caribbean, considering the effects of climate change, the COVID-19 pandemic and sustainable economic recovery in the region. The international prices of non-renewable natural resources rose significantly in 2021 and contributed to the economic recovery in the region, particularly in hydrocarbon and metallicmineral- exporting countries. Similarly, agricultural commodity prices rose rapidly in the second half of 2020 and the first half of 2021, which saw agricultural price indices reach 10- year highs. This largely benefited producing countries, however, the combination of high prices and declining incomes is adversely affecting consumers through inflation, particularly the most vulnerable households.
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| Format: | Texto biblioteca |
| Language: | English |
| Published: |
ECLAC
2022-05-09
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| Subjects: | RECURSOS NATURALES, EXPORTACIONES, PRECIOS, PRODUCTOS BASICOS, PRODUCTOS AGRICOLAS, PRECIOS DE PRODUCTOS BASICOS, RECURSOS MINERALES, COMERCIO INTERNACIONAL, NATURAL RESOURCES, EXPORTS, PRICES, COMMODITIES, AGRICULTURAL PRODUCTS, COMMODITY PRICES, MINERAL RESOURCES, INTERNATIONAL TRADE, |
| Online Access: | https://hdl.handle.net/11362/47876 |
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| Summary: | In 2021, Latin America and the Caribbean saw an increase in the prices of the main export commodities, mainly as a result of the recovery in global demand following the impact of the COVID-19 pandemic.
Issue No. 3 of the ECLAC Natural Resources in Latin America and the Caribbean Bulletin, prepared by the Natural Resources Division of ECLAC, offers an analysis of the movements in prices of non-renewable natural resources and agricultural products in Latin America and the Caribbean, considering the effects of climate change, the COVID-19 pandemic and sustainable economic recovery in the region.
The international prices of non-renewable natural resources rose significantly in 2021 and contributed to the economic recovery in the region, particularly in hydrocarbon and metallicmineral- exporting countries. Similarly, agricultural commodity prices rose rapidly in the second half of 2020 and the first half of 2021, which saw agricultural price indices reach 10- year highs. This largely benefited producing countries, however, the combination of high prices and declining incomes is adversely affecting consumers through inflation, particularly the most vulnerable households. |
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