The principle of Permanent Sovereignty over Natural Resources (PSNR) is largely thought to be a counter-colonialism move to prevent great power exploitation of developing countries’ natural resources after independence, one rooted in the demand to decide on the use of their own resource for...

Il y a trois quarts de siècle fermait la dernière mine de charbon en Suisse. Cependant, l’industrie mondiale de la roche fossile y a constitué son propre écosystème, louvoyant entre l’Apartheid et des régimes autoritaires comme celui de Vladimir Poutine. Alors que l’on ne cesse de...

Der Übergang der Sowjetunion zur Marktwirtschaft war mit einem politischen und ökonomischen Bedeutungsverlust Russlands verbunden. Durch die Erschließung neuer fossiler Lagerstätten in ökologisch sensiblen Gebieten wie der Arktis und Ostsibirien sollte deshalb seine Rolle als...

The global spread of the corona virus is a massive challenge for countries in the Global South. Beyond the health crisis, many countries face economic turmoil linked to their dependence on commodities. Commodity markets have reacted strongly to the COVID-19 crisis with drastic price movements...

Venezuelaamp;apos;s agricultural sector is heavily regulated and protected. As part of structural adjustment, the government is considering major reform of its agricultural trade policies. The strategy is to introduce competition into the economy by removing government price controls and...

Die steigende Nachfrage nach extraktiven Rohstoffen sowie der Rohstoffpreisboom der 2000er-Jahre haben in den letzten Jahren die Debatte über den mangelnden Beitrag von Rohstoffreichtum zu inklusiver Entwicklung intensiviert. Als eine zentrale Ursache, warum die Einnahmen aus Ressourcenabbau zu...

Deutschland und Frankreich benötigen stetige Metallimporte, um ihr Wirtschaftsmodell aufrechtzuerhalten. Internationale Kooperation ist unerlässlich, damit diese Importe zuverlässig und nachhaltig verlaufen. Doch welche Potenziale bieten sich in diesem Bereich, welche Grenzen sind dabei zu...

As commodity markets have continued their expansion an extensive and complex financial industry has developed to service them. This industry includes hundreds of participating firms, including asset managers, brokers, consultants, verification agencies and a myriad of other institutions....

This paper describes some policy instruments set up by the IMF and the European Union in order to provide financial assistance to developing countries whose economies are affected by exogenous shocks from exports side. After briefly reviewing the IMF's CFF and the EU's STABEX, the paper presents...

This chapter examines whether funds can help countries pursue good macroeconomic, and especially fiscal policies, and consequent design issues. Nonrenewable resource funds (NRF) have been suggested as a way of dealing with the effects of price variability, making it easier to put revenues aside...

The Third Lomé Trade and Co-operation Convention between the European Community and the African, Caribbean and Pacific (ACP) countries was signed on 8th December 1984. It is valid for the period from 1.3. 1985 to 28.2. 1990 and incorporates an extension of SYSMIN, the special financing facility...

The main purposes of this paper are to review the operational modalities and experience of oil funds currently in place in Norway, Chile (copper), the State of Alaska, Venezuela, Kuwait, and Oman, and to draw some preliminary conclusions on their contribution to enhance fiscal management. The...

Internationale Rohstoffabkommen sind bisher daran gescheitert, schwankende Erlöse langfristig zu stabilisieren. Da die Ursachen dieser Erlösschwankungen nicht beseitigt werden können, steht das Risikomanagement im Mittelpunkt. Mit Hilfe der Portfoliotheorie werden die Bedingungen des...

Examining the commodity chains that have connected producers in Latin America with consumers around the world for 500 years, this work follows a specific commodity from its inception, through its development and transport, to its final destination in the hands of consumers