10.05.2013 - What on earth are 'commodity super-cycles' and why do they matter?
The average developing country lives off exporting commodities like oil, gas, copper, cocoa or soybeans. The sale of these resources brings both revenue to the government and foreign currency to import what is not produced at home -- which, in these places, tends to be most things. So whatever happens to the price of those commodities matters a great deal for development and, even more, for the war on poverty. The problem is that those prices are famously volatile. They can jump up and down seemingly at random, from year to year, month to month, even within a single minute........................................Full Article: Source
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