1945

Commodity price hikes and instability

One of the main features of the world economy since 2002 has been the price boom in international markets for primary commodities. This has been driven by the relatively strong and stable performance of the world economy, fast growth and structural change in a number of large developing economies, and increasing attention by policymakers and market participants to the challenges of climate change and shrinking oil reserves.

Related Subject(s): International Trade and Finance
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