The Behavior of Non-Oil Commodity Prices
Summary:
This paper analyzes global commodity trends and concludes that the marked decline in real commodity prices of the past decade should be regarded as largely permanent and irreversible. The authors contend that the analysis of commodity prices should be extended to include the role of the breakdown of major international commodity agreements. In addition, the authors analyze how developments in the former Soviet Union have affected commodity supply conditions.
Series:
Occasional Paper No. 1994/004
Subject:
Agricultural commodities Commodities Commodity price fluctuations Commodity price shocks Commodity prices Export earnings International trade Prices
English
Publication Date:
September 15, 1994
ISBN/ISSN:
9781557754127/0251-6365
Stock No:
S112EA0000000
Pages:
77
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