15.03.2013 - How Latin America copes with commodity price volatility
For Latin America, it is no longer certain that commodities are a short-term blessing and a long-term curse. Natural resource-rich Latin America has been struggling to cope with commodity cycles and price volatility almost forever Ė but now, countries in the region seem better equipped to deal with volatility. Chinaís voracious appetite has pushed prices up in recent years, although it has also highlighted the regionís dependency on commodities, especially in South America. Some statistics are telling: commodities account for 74% of the sub regionís total exports, according to a recent report issued by HSBC; 74% of imports, meanwhile, are made up of manufactured goods........................................Full Article: Source
Print