UN Trade and Development 315d ago

The world still leans heavily on commodities – oil, metals and crops that power our lives. A new report from UN Trade and Development says more than two-thirds of developing countries earn most of their export revenues from these raw materials. That dependence is risky. When global prices swing, it shakes government budgets and stalls industrial growth. The problem is most severe in the world’s most vulnerable economies: over 80% of least developed countries, landlocked states and small islands rely on commodities for the bulk of their exports. @UNCTAD warns that without efforts to diversify and add value, nations risk missing the chance to turn natural wealth into lasting, resilient growth. In short: commodities may be the backbone of many economies today, but without change, they could also be a trap for tomorrow. Full report: ▶️ https://ow.ly/P76P50WG6Qi