| Autor: Jerzy Dudziński | 5 |
Strony: 5-18
pełen tekst
COMMODITIES BOOM OF THE CURRENT DECADE CHARACTERISTICS, BACKGROUND, EFFECTS
Summary
The paper analyses the characteristics, background and selected effects of the price rises for primary commodities, widely known as the commodities boom. It has been indicated that the prices, especially in the case of certain commodities (such as metals or fuels) rose strongly, even if compared and contrasted to price rises for primary commodities in previous periods.
The origins of the growth should be traced back to both the demand-supply relationship and the monetary sphere. At present, the two spheres tend to overlap closely. The effects of the boom in an open economy and international trade are less powerful than it was expected (the global economic growth rate, internal infl ation). It is related to a variety of factors, including economic policy tools and the direction of progress in science and technology.
pełen tekstCOMMODITIES BOOM OF THE CURRENT DECADE CHARACTERISTICS, BACKGROUND, EFFECTS
Summary
The paper analyses the characteristics, background and selected effects of the price rises for primary commodities, widely known as the commodities boom. It has been indicated that the prices, especially in the case of certain commodities (such as metals or fuels) rose strongly, even if compared and contrasted to price rises for primary commodities in previous periods.
The origins of the growth should be traced back to both the demand-supply relationship and the monetary sphere. At present, the two spheres tend to overlap closely. The effects of the boom in an open economy and international trade are less powerful than it was expected (the global economic growth rate, internal infl ation). It is related to a variety of factors, including economic policy tools and the direction of progress in science and technology.