Skip to main content
Top

2019 | OriginalPaper | Chapter

35. Commodities

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

This chapter reviews empirical and theoretical developments related to the political economy of commodities. It reflects on recent trends in international political economy (IPE) scholarship on commodities and demonstrates that global commodity politics are ripe for future research. The chapter first explores what the end of bipolarity and the rise of the BRICS mean for commodity production, trade and consumption, as well as for global development. It then explores new trends in contemporary IPE scholarship on commodities, including a renewed interest in illicit and informal commodity flows, research on the financialization of commodities and a growing body of work on transnational governance and commodities. Thereafter, several emerging areas of study are introduced before concluding with a brief discussion of topics warranting further attention from IPE scholars moving forward.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Alonso-Fradejas, A., J. Liu, T. Salerno, and Y. Xu. 2016. Inquiring into the Political Economy of Oil Palm as a Global Flex Crop. The Journal of Peasant Studies 43 (1): 141–165. Alonso-Fradejas, A., J. Liu, T. Salerno, and Y. Xu. 2016. Inquiring into the Political Economy of Oil Palm as a Global Flex Crop. The Journal of Peasant Studies 43 (1): 141–165.
go back to reference Amanor, K.S., and S. Chichava. 2016. South–South Cooperation, Agribusiness, and African Agricultural Development: Brazil and China in Ghana and Mozambique. World Development 81: 13–23. Amanor, K.S., and S. Chichava. 2016. South–South Cooperation, Agribusiness, and African Agricultural Development: Brazil and China in Ghana and Mozambique. World Development 81: 13–23.
go back to reference Benjaminsen, T., and I. Bryceson. 2012. Conservation, Green/Blue Grabbing and Accumulation by Dispossession in Tanzania. Journal of Peasant Studies 39 (2): 335–355. Benjaminsen, T., and I. Bryceson. 2012. Conservation, Green/Blue Grabbing and Accumulation by Dispossession in Tanzania. Journal of Peasant Studies 39 (2): 335–355.
go back to reference Borras, S.M., J.C. Franco, S.R. Isakson, L. Levidow, and P. Vervest. 2016. The Rise of Flex Crops and Commodities: Implications for Research. The Journal of Peasant Studies 43 (1): 93–115. Borras, S.M., J.C. Franco, S.R. Isakson, L. Levidow, and P. Vervest. 2016. The Rise of Flex Crops and Commodities: Implications for Research. The Journal of Peasant Studies 43 (1): 93–115.
go back to reference Broad, R., and J. Fischer-Mackey. 2016. From Extractivism Toward Buen Vivir: Mining Policy as an Indicator of a New Development Paradigm Prioritizing the Environment. Third World Quarterly 38 (6): 1327–1349. Broad, R., and J. Fischer-Mackey. 2016. From Extractivism Toward Buen Vivir: Mining Policy as an Indicator of a New Development Paradigm Prioritizing the Environment. Third World Quarterly 38 (6): 1327–1349.
go back to reference Burgis, T. 2015. The Looting Machine: Warlords, Tycoons, Smugglers and the Systematic Theft of Africa’s Wealth. London: William Collins. Burgis, T. 2015. The Looting Machine: Warlords, Tycoons, Smugglers and the Systematic Theft of Africa’s Wealth. London: William Collins.
go back to reference Cadman, T. 2011. Quality and Legitimacy of Global Governance: Case Lessons from Forestry. Basingstoke: Palgrave Macmillan. Cadman, T. 2011. Quality and Legitimacy of Global Governance: Case Lessons from Forestry. Basingstoke: Palgrave Macmillan.
go back to reference Caldentey, E.P., and M. Vernengo. 2017. Back to the Future Reloaded: Latin America’s Development Strategy during the Commodity Boom. In The Global Political Economy of Prebisch, ed. M. Margulis. Abingdon/New York: Routledge. Caldentey, E.P., and M. Vernengo. 2017. Back to the Future Reloaded: Latin America’s Development Strategy during the Commodity Boom. In The Global Political Economy of Prebisch, ed. M. Margulis. Abingdon/New York: Routledge.
go back to reference Campbell, B., ed. 2013. Modes of Governance and Revenue Flows in African Mining. Basingstoke: Palgrave Macmillan. Campbell, B., ed. 2013. Modes of Governance and Revenue Flows in African Mining. Basingstoke: Palgrave Macmillan.
go back to reference Carmody, P. 2016. The New Scramble for Africa. Maiden: Polity Press. Carmody, P. 2016. The New Scramble for Africa. Maiden: Polity Press.
go back to reference ———. 2017. The Geopolitics and Economics of BRICS’ Resource and Market Access in Southern Africa: Aiding Development or Creating Dependency? Journal of Southern African Studies 43 (5): 863–877. ———. 2017. The Geopolitics and Economics of BRICS’ Resource and Market Access in Southern Africa: Aiding Development or Creating Dependency? Journal of Southern African Studies 43 (5): 863–877.
go back to reference Cheru, F. and R. Modi. ed. 2013 Agricultural Development and Food Security in Africa: The Impact of Chinese. In Indian and Brazilian Investments. London: Zed. Cheru, F. and R. Modi. ed. 2013 Agricultural Development and Food Security in Africa: The Impact of Chinese. In Indian and Brazilian Investments. London: Zed.
go back to reference Clapp, J. 2012. Food. Cambridge: Polity Press. Clapp, J. 2012. Food. Cambridge: Polity Press.
go back to reference ———. 2014. Financialization, Distance and Global Food Politics. The Journal of Peasant Studies 41 (5): 797–814. ———. 2014. Financialization, Distance and Global Food Politics. The Journal of Peasant Studies 41 (5): 797–814.
go back to reference Clapp, J., S.R. Isakson, and O. Visser. 2017. The Complex Dynamics of Agriculture as a Financial Asset: Introduction to Symposium. Agriculture and Human Values 34 (1): 179–183. Clapp, J., S.R. Isakson, and O. Visser. 2017. The Complex Dynamics of Agriculture as a Financial Asset: Introduction to Symposium. Agriculture and Human Values 34 (1): 179–183.
go back to reference Clover, C. S. 2013. The End of the Line. New York: Random House. Clover, C. S. 2013. The End of the Line. New York: Random House.
go back to reference Cotula, L., S. Vermeulen, R. Leonard, and J. Keeley. 2009. Land Grab or Development Opportunity?: Agricultural Investment and International Land Deals in Africa. London: IIED. Cotula, L., S. Vermeulen, R. Leonard, and J. Keeley. 2009. Land Grab or Development Opportunity?: Agricultural Investment and International Land Deals in Africa. London: IIED.
go back to reference Cusick, J. 2012. We’ll Make a Killing Out of Food Crisis, Glencore Trading Boss Chris Mahoney Boasts. Independent, August 23. Cusick, J. 2012. We’ll Make a Killing Out of Food Crisis, Glencore Trading Boss Chris Mahoney Boasts. Independent, August 23.
go back to reference Dauvergne, P., and J. Lister. 2011. Timber. Cambridge: Polity Press. Dauvergne, P., and J. Lister. 2011. Timber. Cambridge: Polity Press.
go back to reference Duffy, R. 2016. The Illegal Wildlife Trade in Global Perspective. In Handbook of Transnational Environmental Crime. London: Edward Elgar Publishing. Duffy, R. 2016. The Illegal Wildlife Trade in Global Perspective. In Handbook of Transnational Environmental Crime. London: Edward Elgar Publishing.
go back to reference ECLAC (Economic Commission for Latin America and the Caribbean) (United Nations). 2013. Mining and Socio-Environmental Conflicts: The Case of Colombia, Mexico and Peru. Santiago de Chile: ECLAC. ECLAC (Economic Commission for Latin America and the Caribbean) (United Nations). 2013. Mining and Socio-Environmental Conflicts: The Case of Colombia, Mexico and Peru. Santiago de Chile: ECLAC.
go back to reference Feldman, D.L. 2012. Water. Cambridge: Polity Press. Feldman, D.L. 2012. Water. Cambridge: Polity Press.
go back to reference Fletcher, R., W. Dressler, B. Büscher, and Z.R. Anderson. 2016. Questioning REDD+ and the Future of Market-Based Conservation. Conservation Biology 30 (3): 673–675. Fletcher, R., W. Dressler, B. Büscher, and Z.R. Anderson. 2016. Questioning REDD+ and the Future of Market-Based Conservation. Conservation Biology 30 (3): 673–675.
go back to reference Foley, P. 2017. The Territorialization of Transnational Sustainability Governance: Production, Power and Globalization in Iceland’s Fisheries. Environmental Politics 26 (5): 915–937. Foley, P. 2017. The Territorialization of Transnational Sustainability Governance: Production, Power and Globalization in Iceland’s Fisheries. Environmental Politics 26 (5): 915–937.
go back to reference Franco, J., T. Feodoroff, S. Kay, S. Kishimoto, and G. Pracucci 2014. The Global Water Grab: A Primer, trans. National Institute (TNI). Amsterdam, the Netherlands. Franco, J., T. Feodoroff, S. Kay, S. Kishimoto, and G. Pracucci 2014. The Global Water Grab: A Primer, trans. National Institute (TNI). Amsterdam, the Netherlands.
go back to reference Gale, F., and M. Haward. 2011. Global Commodity Governance: State Responses to Sustainable Forest and Fisheries Certification. Basingstoke: Palgrave Macmillan. Gale, F., and M. Haward. 2011. Global Commodity Governance: State Responses to Sustainable Forest and Fisheries Certification. Basingstoke: Palgrave Macmillan.
go back to reference Ghosh, J., J. Heintz, and R. Pollin. 2012. Speculation on Commodities Futures Markets and Destabilization of Global Food Prices: Exploring the Connections. International Journal of Health Services 42 (3): 465–483. Ghosh, J., J. Heintz, and R. Pollin. 2012. Speculation on Commodities Futures Markets and Destabilization of Global Food Prices: Exploring the Connections. International Journal of Health Services 42 (3): 465–483.
go back to reference Grant, J.A., S. Cornelissen, and T.M. Shaw. 2013. The Ashgate Research Companion to Regionalisms. Farnham: Ashgate Publishing. Grant, J.A., S. Cornelissen, and T.M. Shaw. 2013. The Ashgate Research Companion to Regionalisms. Farnham: Ashgate Publishing.
go back to reference Hathaway, M. 2014. Wild Commodities and Environmental Governance: Transforming Lives and Markets in China and Japan. Conservation and Society 12 (4): 398–407. Hathaway, M. 2014. Wild Commodities and Environmental Governance: Transforming Lives and Markets in China and Japan. Conservation and Society 12 (4): 398–407.
go back to reference Hilson, G. 2014. “Constructing” Ethical Mineral Supply Chains in Sub-Saharan Africa: The Case of Malawian Fair Trade Rubies. Development and Change 45 (1): 53–78. Hilson, G. 2014. “Constructing” Ethical Mineral Supply Chains in Sub-Saharan Africa: The Case of Malawian Fair Trade Rubies. Development and Change 45 (1): 53–78.
go back to reference Hilson, G., and C. Garforth. 2013. “Everyone Now Is Concentrating on the Mining”: Drivers and Implications of Rural Economic Transition in the Eastern Region of Ghana. The Journal of Development Studies 49 (3): 348–364. Hilson, G., and C. Garforth. 2013. “Everyone Now Is Concentrating on the Mining”: Drivers and Implications of Rural Economic Transition in the Eastern Region of Ghana. The Journal of Development Studies 49 (3): 348–364.
go back to reference Horner, R. 2016. A New Economic Geography of Trade and Development? Governing South–South Trade, Value Chains and Production Networks. Territory, Politics, Governance 4 (4): 400–420. Horner, R. 2016. A New Economic Geography of Trade and Development? Governing South–South Trade, Value Chains and Production Networks. Territory, Politics, Governance 4 (4): 400–420.
go back to reference International Monetary Fund. 2011. Regional Economic Outlook: Western Hemisphere. Washington, DC: IMF. International Monetary Fund. 2011. Regional Economic Outlook: Western Hemisphere. Washington, DC: IMF.
go back to reference Isakson, S.R. 2014. Food and Finance: The Financial Transformation of Agro-Food Supply Chains. Journal of Peasant Studies 41 (5): 749–775. Isakson, S.R. 2014. Food and Finance: The Financial Transformation of Agro-Food Supply Chains. Journal of Peasant Studies 41 (5): 749–775.
go back to reference Klare, M.T. 2012. The Race for What’s Left: The Global Scramble for the World’s Last Resources. New York: Metropolitan. Klare, M.T. 2012. The Race for What’s Left: The Global Scramble for the World’s Last Resources. New York: Metropolitan.
go back to reference Klein, N. 2007. The Shock Doctrine: The Rise of Disaster Capitalism. Toronto: Knopf Canada. Klein, N. 2007. The Shock Doctrine: The Rise of Disaster Capitalism. Toronto: Knopf Canada.
go back to reference Leonard, L., and S.N. Grovogui. 2017. Governance in the Extractive Industries: Power, Cultural Politics and Regulation. London: Routledge. Leonard, L., and S.N. Grovogui. 2017. Governance in the Extractive Industries: Power, Cultural Politics and Regulation. London: Routledge.
go back to reference Margulis, M., ed. 2017. The Global Political Economy of Prebisch. Abingdon/New York: Routledge. Margulis, M., ed. 2017. The Global Political Economy of Prebisch. Abingdon/New York: Routledge.
go back to reference Mawdsley, E. 2017. Development geography 1: Cooperation, competition and convergence between “North” and “South”. Progress in Human Geography 41 (1): 108–117. Mawdsley, E. 2017. Development geography 1: Cooperation, competition and convergence between “North” and “South”. Progress in Human Geography 41 (1): 108–117.
go back to reference McCarthy, J.F. 2012. Certifying in Contested Spaces: Private Regulation in Indonesian Forestry and Palm Oil. Third World Quarterly 33 (10): 1871–1888. McCarthy, J.F. 2012. Certifying in Contested Spaces: Private Regulation in Indonesian Forestry and Palm Oil. Third World Quarterly 33 (10): 1871–1888.
go back to reference McKay, B., S. Sauer, B. Richardson, and R. Herre. 2016. The Political Economy of Sugarcane Flexing: Initial Insights from Brazil, Southern Africa and Cambodia. The Journal of Peasant Studies 43 (1): 195–223. McKay, B., S. Sauer, B. Richardson, and R. Herre. 2016. The Political Economy of Sugarcane Flexing: Initial Insights from Brazil, Southern Africa and Cambodia. The Journal of Peasant Studies 43 (1): 195–223.
go back to reference Montgomerie, J. 2017. Critical Methods in Political and Cultural Economy, RIPE Series in Global Political Economy. Abingdon: Routledge. Montgomerie, J. 2017. Critical Methods in Political and Cultural Economy, RIPE Series in Global Political Economy. Abingdon: Routledge.
go back to reference Phillips, N. 2017. Doing Research in the Shadows of the Global Political Economy. In Critical Methods in Political and Cultural Economy. Abingdon: Routledge. Phillips, N. 2017. Doing Research in the Shadows of the Global Political Economy. In Critical Methods in Political and Cultural Economy. Abingdon: Routledge.
go back to reference Polanyi, K. 2001. The Great Transformation: The Political and Economic Origins of our Time, 1st Beacon Ed. Boston: Beacon Press. Polanyi, K. 2001. The Great Transformation: The Political and Economic Origins of our Time, 1st Beacon Ed. Boston: Beacon Press.
go back to reference Ponte, S. 2014. “Roundtabling” Sustainability: Lessons from the Biofuel Industry. Geoforum 54: 261–271. Ponte, S. 2014. “Roundtabling” Sustainability: Lessons from the Biofuel Industry. Geoforum 54: 261–271.
go back to reference Ponte, S., I. Kelling, K.S. Jespersen, and F. Kruijssen. 2014. The Blue Revolution in Asia: Upgrading and Governance in Aquaculture Value Chains. World Development 64 (Supplement C): 52–64. Ponte, S., I. Kelling, K.S. Jespersen, and F. Kruijssen. 2014. The Blue Revolution in Asia: Upgrading and Governance in Aquaculture Value Chains. World Development 64 (Supplement C): 52–64.
go back to reference Richardson, B. 2009. Sugar: Refined Power in a Global Regime. Basingstoke: Palgrave Macmillan. Richardson, B. 2009. Sugar: Refined Power in a Global Regime. Basingstoke: Palgrave Macmillan.
go back to reference ———. 2015. Making a Market for Sustainability: The Commodification of Certified Palm Oil. New Political Economy 20 (4): 545–568. ———. 2015. Making a Market for Sustainability: The Commodification of Certified Palm Oil. New Political Economy 20 (4): 545–568.
go back to reference Schäfer, D., N. Hume, and X. Rice 2014. Barclays Fined £26m for trader’s Gold Rigging. The Financial Times, May 23. Schäfer, D., N. Hume, and X. Rice 2014. Barclays Fined £26m for trader’s Gold Rigging. The Financial Times, May 23.
go back to reference Sharman, J.C. 2011. The Money Laundry: Regulating Criminal Finance in the Global Economy. Ithaca: Cornell University Press. Sharman, J.C. 2011. The Money Laundry: Regulating Criminal Finance in the Global Economy. Ithaca: Cornell University Press.
go back to reference Shaw, T.M. 2015. African Agency? Africa, South Africa and the BRICS. I International Politics 52 (2): 255–268. Shaw, T.M. 2015. African Agency? Africa, South Africa and the BRICS. I International Politics 52 (2): 255–268.
go back to reference Shen, W., and M. Power. 2017. Africa and the Export of China’s Clean Energy Revolution. Third World Quarterly 38 (3): 678–697. Shen, W., and M. Power. 2017. Africa and the Export of China’s Clean Energy Revolution. Third World Quarterly 38 (3): 678–697.
go back to reference Sidaway, J.D. 2012. Geographies of Development: New Maps, New Visions? The Professional Geographer 64 (1): 49–62. Sidaway, J.D. 2012. Geographies of Development: New Maps, New Visions? The Professional Geographer 64 (1): 49–62.
go back to reference Singh, J.N., and F. Bourgouin. 2013. Resource Governance and Developmental States in the Global South: Critical International Political Economy Perspectives. London: Palgrave Macmillan. Singh, J.N., and F. Bourgouin. 2013. Resource Governance and Developmental States in the Global South: Critical International Political Economy Perspectives. London: Palgrave Macmillan.
go back to reference Smillie, I. 2014. Diamonds. Cambridge: Polity Press. Smillie, I. 2014. Diamonds. Cambridge: Polity Press.
go back to reference Sneyd, A. 2014. When Governance Gets Going: Certifying ‘Better Cotton’ and ‘Better Sugarcane. Development and Change 45 (2): 231–256. Sneyd, A. 2014. When Governance Gets Going: Certifying ‘Better Cotton’ and ‘Better Sugarcane. Development and Change 45 (2): 231–256.
go back to reference The Economist. 2014. Organised Crime: Earning with the Fishes, 18 January, 59–60. The Economist. 2014. Organised Crime: Earning with the Fishes, 18 January, 59–60.
go back to reference UNCTAD. 2011. South-South Integration Is Key to Rebalancing the Global Economy (No. 22). UNCTAD. 2011. South-South Integration Is Key to Rebalancing the Global Economy (No. 22).
go back to reference ———. 2015. Commodities and Development Report 2015: Smallholder Farmers and Sustainable Commodity Development. Geneva. ———. 2015. Commodities and Development Report 2015: Smallholder Farmers and Sustainable Commodity Development. Geneva.
go back to reference Van Damme, P., and C. Termote. 2008. African Botanical Heritage for New Crop Development. Afrika Focus 21 (1): 45–64. Van Damme, P., and C. Termote. 2008. African Botanical Heritage for New Crop Development. Afrika Focus 21 (1): 45–64.
go back to reference Waroux, Y. le P. de, and E.F. Lambin. 2012. Niche Commodities and Rural Poverty Alleviation: Contextualizing the Contribution of Argan Oil to Rural Livelihoods in Morocco. Annals of the Association of American Geographers 103 (3): 589–607. Waroux, Y. le P. de, and E.F. Lambin. 2012. Niche Commodities and Rural Poverty Alleviation: Contextualizing the Contribution of Argan Oil to Rural Livelihoods in Morocco. Annals of the Association of American Geographers 103 (3): 589–607.
go back to reference White, B., S.M. Borras Jr., R. Hall, I. Scoones, and W. Wolford. 2012. The New Enclosures: Critical Perspectives on Corporate Land Deals. The Journal of Peasant Studies 39 (3–4): 619–647. White, B., S.M. Borras Jr., R. Hall, I. Scoones, and W. Wolford. 2012. The New Enclosures: Critical Perspectives on Corporate Land Deals. The Journal of Peasant Studies 39 (3–4): 619–647.
Metadata
Title
Commodities
Authors
Adam Sneyd
Charis Enns
Copyright Year
2019
DOI
https://doi.org/10.1057/978-1-137-45443-0_35