• Prices Likely to Spike for Common Goods as Geo-Political Tensions Rise

    2 monthes ago - By Wall Street

    Global Economy Effects Common Goods World Wide
    In today's global economy, what happens in one part of the world - sometimes in one specific country - can set off a chain reaction likely to have far-reaching effects for consumers everywhere. When Panama Disease hit and peaked in Central America in the 1950s, for example, it wiped out thousands of acres of banana plantations that caused a worldwide shortage of the fruit, even forcing growers to abandon their favored cultivar and go in search of new types. Today, most of the world eats an entirely different kind of banana - the Cavendish...
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