When the wholesale prices of essential goods like food or oil suddenly rise, it can cause deep shifts in the economy that upend trade balances and hike inflation rates. This is known as a commodity price boom.
How windfalls from commodity price booms can come back to bite exporters
Reader’s Picks
-
When Grandma and Grandpa are in charge, the children are likely staring at a screen—a long-standing parental complaint now supported [...]
-
Researchers at the University of Tsukuba have demonstrated that intensified environmental variability (EV) can promote the evolution of cooperation through [...]
-
Using Major League Baseball as a case study, Cornell research highlights potential shortcomings in diversity metrics that could obscure inequities [...]