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Global Economic Prospects 2009: Commodities at the Crossroads. World Bank

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Global Economic Prospects 2009: Commodities at the Crossroads World Bank. pdf ebook
Publisher:
Language: English
Page: 200
ISBN: 082137799X, 9780821378014

Review

"While developing countries entered this tumultuous period with much improved fundamentals, this crisis is expected to test severely both them and the international financial system. In the longer run, even after developing country growth recovers, commodity supply should keep pace with demand, but policy will need to foster conservation efforts and technological progress. In particular, if poor countries are to maintain domestic food self-sufficiency, governments will need to strengthen investment in rural infrastructure, agricultural research, and technological outreach." --- Justin Yifu Lin, Senior Vice President and Chief Economist, The World Bank