Commodity Prices : Cyclical Weakness or Secular Decline?

Cyclical Weakness or Secular Decline?

Commodity Prices : Cyclical Weakness or Secular Decline?
Primary commodities still account for the bulk of exports in many developing countries. However, real commodity prices have been declining almost continuously since the early 1980s and there is evidence of renewed weakness. The appropriate policy response to a terms of trade shock depends importantly on whether the shock is perceived to be... READ MORE...

Publication date: January 1994
ISBN 9781451842371
$15.00

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