The Commodities and Development Report 2021: Escaping from the Commodity Dependence Trap through Technology and Innovation starts by exploring the extent to which commodity dependent developing countries are trapped into commodity dependence and, as a result, how their economic structures are weakened by this situation. What the role of technology could be in helping commodity dependent developing countries to diversify their economies and escape from the commodity dependence trap is then analyzed. Policies are proposed to show how countries could diversify their economies, and some opportunities are highlighted to illustrate some benefits that commodity dependent developing countries could derive from digitalization and embracing the current technological revolution. The report concludes with suggestions of key measures at the national, regional and international levels that could help make this transformation possible.
© United Nations, 2021