Boons don't last forever

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José Antonio Ocampo, Professor of Professional Practice at Columbia University. [IMF Photo]

In recent years, commodity prices have been riding high, and many commodities dependent countries have benefited from these high prices, says the International Monetary Fund (IMF). But this boon is unlikely to last: prices may fall, and nations can run out of key commodities.

Jose Ocampo, a professor at Columbia University, has researched the rise and fall over decades of commodity prices. He explained to IMF's Lika Gueye why it is so critical for these countries to understand this cycle.

Duration: 3'34"

Filed under Today's Features.
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August 2014
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