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by John Baffes (Author), Peter Nagle (Author)
Commodity markets are integral to the global economy. Understanding what drives these markets is critical to design policy frameworks that enable growth, inflation stability, poverty reduction, and the climate change mitigation. This study examines market and policy developments for all commodity groups over the past century.
Author Biography
The World Bank came into formal existence in 1945 following the international ratification of the Bretton Woods agreements. It is a vital source of financial and technical assistance to developing countries around the world. The organization's activities are focused on education, health, agriculture and rural development, environmental protection, establishing and enforcing regulations, infrastructure development, governance and legal institutions development. The World Bank is made up of two unique development institutions owned by its 185 Member Countries. The International Bank for Reconstruction and Development (IBRD) focuses on middle income and creditworthy poor countries and the International Development Association (IDA), which focuses on the poorest countries in the world.
