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Volatility

Moving Past the Commodity Supercycle: Are We There Yet?

Otaviano Canuto's picture
Some analysts are predicting that the commodity price boom of the new millennium is something that has played itself out. Except for shale gas and its downward pressure on U.S. natural gas prices, however, natural resource-based commodity prices have remained high by historical records in the last few years, despite the feebleness of the recent global economic recovery.

‘Squeezed’: How are Poor People Adjusting to Life in a Time of Food Price Volatility?

Duncan Green's picture

Ace IDS researcher Naomi Hossain introduces the first results of a big Oxfam/IDS research project on food price volatility

If the point of development is to make the Third World more like the First, then we aid-wallahs can pack our bags and go home. Job done.

The most striking finding of Squeezed, the first year results from the four year Life in a Time of Food Price Volatility research project, is how like the people of the post-industrial North the people from the proto-industrial South now sound:

  • Stressed and tired
  • Juggling work and home
  • Surrounded by selfish individualists, led by uncaring politicians
  • In strained relationships
  • Constantly pressed for time
  • Never enough money, even for the basics.

‘Squeezed’ is how the UK has been describing its middle classes, beset by austerity and recession. But the countries in our research have high growth rates and apparently a lot of poverty reduction.

Transparency and Volatility: A New Era in International Relations

Johanna Martinsson's picture

The accelerated changes in communication flows are posing both opportunities and challenges in the global system.  A recently published book entitled ‘Diplomacy, Development and Security in the Information Age,’ edited by Shanthi Kalathil (a former colleague and contributor to this blog), seeks to better understand the changing face of international relations in a new era, by examining two emerging themes: heightened transparency and increased volatility. Leading up to the publication, practitioners grappled with these themes, and how they are affecting international affairs. Craig Hayde, one of the authors, notes that transparency and volatility are increasingly inextricable concepts. He says “transparency does more than simply put information out there – it inculcates a shared value that information should be available”, but that it is also “facilitated by the same technologies that promote instability, risk, and uncertainty in the business of international relations.”

The collection of essays provides fresh thinking in an area that has mainly focused on the use and impact of information and communication technologies (ICTs). While several essays discuss ICTs, Kalathil points out that “the premise for the series is not to minutely examine new forms of technology and their impact. Rather, the premise for the series is that ubiquitous global communication flows have, over time, created an encompassing information environment that nurtures transparency and volatility in pervasive conditions and/or guiding norms.”