Abstract
The measures put into place to mitigate the COVID-19 health crisis around the world have disrupted global supply chains and sent commodity prices tumbling. We argue that, while the nature of the COVID-19 crisis is unprecedented, the unfolding consequences for primary commodity export-dependent economies are not. By developing a state-centred adaptive supply chain resilience framework and drawing on past experiences, we identify three impact channels that are specific to
commodity exporters: a price, a supply chain and a financial channel. Taking Ghana as a case study, we show how the interplay of these three channels can be particularly damaging.
commodity exporters: a price, a supply chain and a financial channel. Taking Ghana as a case study, we show how the interplay of these three channels can be particularly damaging.
Original language | English |
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Pages (from-to) | 122-144 |
Number of pages | 23 |
Journal | Canadian Journal of Development Studies |
Volume | 42 |
Issue number | 1-2 |
DOIs | |
Publication status | Published - 12 Jan 2021 |
Keywords
- Adaptive resilience
- COVID-19
- F15
- F62
- H12
- Q02
- commodity prices
- global supply chain
- supply chain resilience
- vF34
Research Beacons, Institutes and Platforms
- Global Development Institute
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How commodity exporting countries like Ghana have been hit by COVID-19. The Conversation
Van Huellen, S. & Asante-Poku, N. A.
14/03/21
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