Global Crisis and Commodity Prices C.P. Chandrasekhar and Jayati Ghosh

The extreme volatility of commodity prices in world trade over the past year in particular is one more reflection of the turbulence in the global economy. While some of these price changes may have their origin in financial markets rather than in changes in real demand and supply, they nonetheless have major effects upon producers and consumers. C. P. Chandrasekhar and Jayati Ghosh examine trends in prices of some major commodities in international trade in the past two years and discuss their implications.

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