Commodity exporter’s vulnerabilities in times of COVID-19: the case of Ghana
- 12 January 2021
- journal article
- research article
- Published by Taylor & Francis Ltd in Canadian Journal of Development Studies / Revue canadienne d'études du développement
- Vol. 42 (1-2), 122-144
- https://doi.org/10.1080/02255189.2020.1857225
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.Keywords
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