> ***** World Politics 51.2 (1999) 297-322
>
> The Political Economy of the Resource Curse
>
> Michael L. Ross *
>
> ......At first glance, the role of resource wealth in economic
> development looks like a question of dwindling importance. In 1970,
> 80.4 percent of the developing world's export earnings came from
> primary commodities; by 1993 it had dropped to 34.2 percent. But most
> of this drop was caused by the fast growth of manufactured exports in
> East Asia and a handful of Latin American states. Three-quarters of
> the states in sub-Saharan Africa and two-thirds of those in Latin
> America, the Caribbean, North Africa, and the Middle East still
> depend on primary commodities for at least half of their export
> income. 1...
Which nations in Asia depend on exports of primary commodities? Afghanistan, perhaps? If you exclude petroleum products, primary commodities contribute less than 12% of the developing country exports. China, India and Indonesia depend on exports of primary commodities?
Exports are not always decisive for economic growth. India's exports are about 10% of the GDP.
Ulhas