Legal and institutional changes that centralized control of the Philippine coconut oil refining and exporting industries enabled the Philippines to exercise some of its potential dominant-firm market power. If the elasticity of demand for coconut oil continues to increase. in part due to...

Purpose – The purpose of this paper is to seek to illuminate some of the dynamics of globalization that enable capital to advance its interests. Design/methodology/approach – The paper uses theories of globalization focusing upon the “race-to-the-bottom”. Such theories draw attention to...

Temporary supply factors may boost some commodity prices—a drought in the Midwest can jolt food costs, or a conflict in the Middle East might propel oil higher. These, in turn, can increase the overall consumer price index (CPI) and the headline inflation rate. ; Because central bank...

Remarks at the New Jersey Bankers Association Economic Forum, Iselin, New Jersey.

Oil market speculation became an especially popular topic when the price of crude tripled over 18 months to a record high $145 per barrel in July 2008. Of particular interest to many is whether speculators drove oil prices beyond what fundamentals would have otherwise justified. We explore this...

Oil market speculation became an especially popular topic when the price of crude tripled over 18 months to a record high $145 per barrel in July 2008. Of particular interest to many is whether speculators drove oil prices beyond what fundamentals would have otherwise justified. We explore this...

Sustaining and accelerating agricultural growth remains a development imperative in view of persistent rural poverty and emerging threats to food security. While growth can be achieved by expansion of agricultural area and input intensification, growth through improvement in productivity is a...

Sustaining and accelerating agricultural growth remains a development imperative in view of persistent rural poverty and emerging threats to food security. While growth can be achieved by expansion of agricultural area and input intensification, growth through improvement in productivity is a...