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Contents
Acknowledgements and Disclaimer 2
Foreword by the Director-General 3
executive summary 5
I The trade situation in 2009-10 18
II Trade in natural resources 38
A Introduction 40
B natural resources: Definitions, trade patterns and globalization 44
1. Definitions and key features of natural resources 46
2. Natural resource trade flows and related indicators 54
3. Modes of natural resources trade 59
4. Natural resources: Globalization and the intellectual debate 63
5. Conclusions 70
c trade theory and natural resources 72
1. Trade theory and resource distribution 74
2. Trade theory and resource exhaustibility: The problem of finite supplies 75
3. Trade theory and resource exhaustibility: The problem of open access 81
4. Natural resources and the problem of environmental externalities 87
5. The natural resource curse 91
6. Natural resources and price volatility 97
7. Conclusions 107
D trade policy and natural resources 112
1. Trade and other policy instruments in the natural resource sectors 114
2. Trade policy, resource distribution and exhaustibility 123
3. Trade policy and exhaustibility: The problem of open access 130
4. Natural resources externalities and environmental policy 136
5. The political economy of trade policy in natural resource sectors 138
6. National resource abundance and regional integration 141
7. Conclusions 147
e natural resources, international cooperation and trade regulation 160
1. Trade in natural resources and WTO rules 162
2. Other international law and natural resources 176
3. Trade-related issues affecting natural resources: Challenges ahead 183
4. Conclusions 196
F conclusions 200
statistical appendix 204
Bibliography 229
technical notes 240
Glossary 244
Abbreviations and symbols 245
List of figures, tables, boxes and maps 247
Wto members 251
Previous World trade Reports 252
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