03.07.2013 - Is the global boom in commodity prices finally over?
Like Graham Greene's The End of the Affair, it is hard to believe it is over and let go. But, it has been an extraordinary run, a decade of what has been called the commodity super-cycle. It started, and perhaps will end, with China. The global integration of an economy that has grown at double digits since China joined the World Trade Organization (WTO) in December 2001 perhaps marked the start. Will China also now mark the end? Until the last decade, the real price - so, taking off inflation - of commodities had fallen for 150 years. It was the reason why developing countries wished to diversify out of natural resources and into manufacturing.....................................Full Article: Source