How have falling commodity prices affected many countries, Microeconomics

How have falling commodity prices affected many developing countries?

Definition of commodities; raw material like copper, iron and bauxite; and agricultural goods like rice and wheat. These prices have been falling more or less continuously as the 1970«s, and severely hampering growth/development in developing countries which are dependent on (a rather narrow range) of commodity exports.

 

Posted Date: 7/11/2013 8:18:03 AM | Location : United States







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