Rising Commodity Prices – Alarm Bells For Malaysia?
By Herbert Poenisch
May 2011 UTTER ECONOMICS
PEM looks at research by international economic bodies to examine the background to the rising prices and assess implications for Malaysia and Penang, based on consumption patterns in the region.INTERNATIONAL BODIES INCLUDING the G-20, the FAO, the IEA, the IMF and the IBRD are worried1. These agencies rang the alarm bells recently, stating that rising commodity prices – in particular food and energy prices – have reached crisis levels, and are calling for immediate national as well as international action....
Herbert Poenisch
is a retired senior economist at the Bank for International Settlements.
