Then, to emphasize just how uncertain the outlook can be, I’ll talk about some alternative scenarios that could dramatically alter the future for producers. Finally, I’ll revisit some of the lessons that policy-makers and business leaders can apply today and in the future. Global forces at work Let’s take a look back at resource prices over the past 15 years or so.
This has led to a substantial widening of the yield differentials between dollar-denominated bonds issued by these countries and US Treasuries. Equity markets have also declined sharply in Latin America, with falls of 20 per cent in Mexico and 30 per cent in Argentina. Financial market tensions in the latter heightened in the last two months of 2000.