Originally published in 1984 this book remains as relevant as when it was first published. At that time the oil crises of the 1970s and the growing international debt burden highlighted the extent to which events in primary commodity markets continue to influence the economies of developing and industrialized economies.
Walter C. Labys is Professor Emeritus of Resource Economics and Management at Davis College of Agriculture, Natural Resources & Design, USA. Peter K. Pollak was a Senior Economist and Operations Officer at the World Bank.