these are crucial if countries are to meet the central goal of the paris agreement to keep the rise in the earth s temperature to well below c above preindustrial levels by the year and pursue efforts to limit the temperature increase to c above preindustrial levels in these countries economic cycles are synchronized with commodity price cycles implying that their economies grow faster during commodity price booms but slow down during commodity price slumps as episodes of commodity price slumps are generally longer than boom periods cddcs experience on average slower growth than other countries commodity dependence affects economic performance through several channels