---Developing Asia’s rising demand
for commodities ---
Commodity price cycles in the past decade have synchronized,
taking in oil, metals, and many agricultural products (Figure 1.5.1). While supply...
shocks such as bad harvests account
for commodity price spikes, they do not explain why such a broad range of prices have moved nearly in unison. This suggests that the commodity boom–bust cycle has a strong demand element. To what extent does demand from developing
Asian economies—particularly larger economies like the PRC and India—affect global commodity price trends?
--- Source: World Bank. Commodity Price Data (Pink Sheet). http://www.worldbank.
org (accessed 25 March 2013).
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