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Booms Don’t Last Forever

May 6, 2013

Coffee beans in Uganda. Commodity dependent countries must save their revenue when prices are high, to protect themselves when they become low (Photo: Aitchinson/Corbis)

In recent years, commodity prices have been riding high, and many commodity dependent countries have benefited from these high prices. But this boon is unlikely to last forever: prices may fall, and nations can run out of key commodities.

Jose Ocampo, Columbia University, professor