Global Economic Prospects 2009: Commodities At The Crossroads

Business & Finance, Economics, Planning & Forecasting
Cover of the book Global Economic Prospects 2009: Commodities At The Crossroads by World Bank, World Bank
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: World Bank ISBN: 9780821377994
Publisher: World Bank Publication: December 9, 2008
Imprint: Language: English
Author: World Bank
ISBN: 9780821377994
Publisher: World Bank
Publication: December 9, 2008
Imprint:
Language: English
The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic Prospects 2009 analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations.Developing countries face sharply higher borrowing costs and reduced access to capital, cutting into their capacity to finance investment spending. The looming recession presents new risks, coming as it does on the heels of the recent food and fuel crisis.Commodity markets, meanwhile, are at a crossroads. Following decades of low prices and weak investment in supply capacity, commodity prices first spiked and have now plummeted in response to the financial crisis.In the longer run, commodities are not expected to be in short supply. Prices should be higher than they were in the 1990s but much lower than in the recent past. These higher prices should provide producers with sufficient incentive to discover new supplies, improve output from existing resources, and promote greater conservation and substitution with more abundant alternatives. At the same time, slower population growth will ease the pace at which commodity demand grows. Policies to limit carbon emissions and boost agricultural investment, along with the dissemination of efficient techniques, should also contribute to this long-term outcome.This year's Global Economic Prospects also looks at government responses to the recent price boom.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
The eruption of the worldwide financial crisis has radically recast prospects for the world economy. Global Economic Prospects 2009 analyzes the implications of the crisis for low- and middle-income countries, including an in-depth look at long-term prospects for global commodity markets and the policies of both commodity producing and consuming nations.Developing countries face sharply higher borrowing costs and reduced access to capital, cutting into their capacity to finance investment spending. The looming recession presents new risks, coming as it does on the heels of the recent food and fuel crisis.Commodity markets, meanwhile, are at a crossroads. Following decades of low prices and weak investment in supply capacity, commodity prices first spiked and have now plummeted in response to the financial crisis.In the longer run, commodities are not expected to be in short supply. Prices should be higher than they were in the 1990s but much lower than in the recent past. These higher prices should provide producers with sufficient incentive to discover new supplies, improve output from existing resources, and promote greater conservation and substitution with more abundant alternatives. At the same time, slower population growth will ease the pace at which commodity demand grows. Policies to limit carbon emissions and boost agricultural investment, along with the dissemination of efficient techniques, should also contribute to this long-term outcome.This year's Global Economic Prospects also looks at government responses to the recent price boom.

More books from World Bank

Cover of the book Mining in Africa by World Bank
Cover of the book Skills for the Labor Market in Indonesia: Trends in Demand Gaps and Supply by World Bank
Cover of the book Privatization In Latin America: Myths And Reality by World Bank
Cover of the book Global Integration And Technology Transfer by World Bank
Cover of the book International Financial Reporting Standards: A Practical Guide by World Bank
Cover of the book Africa's Demographic Transition by World Bank
Cover of the book Enterprising Women by World Bank
Cover of the book Global Financial Development Report 2014 by World Bank
Cover of the book Local And Community Driven Development: Moving To Scale In Theory And Practice by World Bank
Cover of the book Agricultural Price Distortions, Inequality, And Poverty by World Bank
Cover of the book Municipal Finances by World Bank
Cover of the book Two Dragon Heads: Contrasting Development Paths For Beijing And Shanghai by World Bank
Cover of the book Monitoring Global Poverty by World Bank
Cover of the book Rethinking School Health: A Key Component of Education for All by World Bank
Cover of the book Human Rights and Climate Change: A Review of the International Legal Dimensions by World Bank
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy