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Listen to IMF economists and other experts discuss key economic and financial issues of the day. Click on the play button. Alternatively, download the audio MP3 file—a popular digital music format for sound files. Broadcasters: this facility is also being made available to enable these podcasts to be broadcast on radio outlets free of charge. Also available in SoundCloud

Booms Don’t Last Forever

May 06, 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