The Role of Emerging-Market Economy Demand during the Post-2005 Boom

The post-2005 commodity price boom took place when most emerging-market economies (EMs) were experiencing strong and sustained economic growth, prompting numerous commentators to argue that a structural shift in the demand for commodities by emerging countries had occurred. Indeed, the size of China and India alone, which together account for 37 percent of the world's population, implies that even minor changes in their pattern of demand growth may have a measurable impact on world commodity prices. This note examines the role of demand by EMs for both extractive and food commodities. It concludes that a structural shift in metal demand has taken place, driven, for the most part, by China. Energy prices have also been influenced by EM demand. However, the role of demand for food commodities from EMs has been much less than what much of the literature argues.

Bibliographic Details

Main Author:	World Bank
Format:	Working Paper biblioteca
Language:	English en_US
Published:	Washington, DC 2012-04-12
Subjects:	AGRICULTURAL COMMODITY, AGRICULTURE, ANIMAL FEEDS, BEEF, CEREAL PRODUCTION, CEREALS, COMMODITIES, COMMODITY, COMMODITY BOOM, COMMODITY PRICE, COMMODITY PRICES, CONSUMPTION GROWTH, DEMAND FOR FOOD, DEMAND GROWTH, DEVELOPING COUNTRIES, ECONOMIC STRUCTURE, EDIBLE OILS, ELASTICITY, EMERGING ECONOMIES, EMERGING-MARKET, ENERGY PRICES, FOOD CONSUMPTION, FOOD DEMAND, FOOD MARKETS, FOOD PRICE, FOOD PRICES, FOODS, GLOBAL MARKET, GLOBAL MARKETS, GRAINS, GROWTH RATES, INCOMES, MARKET ECONOMIES, MARKET ECONOMY, MEAT, NET EXPORTS, PORK, PRICE LEVELS, PULSES, REAL GDP, REAL INCOME, STEEL, SUBSTITUTES, TRADE POLICIES, VEGETABLE OILS, WAGES, WORLD MARKETS,
Online Access:	http://documents.worldbank.org/curated/en/840111468151772443/The-role-of-emerging-market-economy-demand-during-the-post-2005-boom https://hdl.handle.net/10986/27113
Tags:	Add Tag No Tags, Be the first to tag this record!