THE ROLE OF COMMODITIES IN GLOBAL TRADE AND PRICING
Authors
O’rozova N.T .
Abdullayeva Anaxon .
Tog’aymurodova Sarvinoz .
Publication Information
Metrics
Abstract
Commodities form the backbone of the global economy. From crude oil and natural gas to wheat, copper, and gold, these raw materials and primary goods are the essential inputs that drive industrial production, feed populations, and fuel financial markets. The significance of commodities extends far beyond their physical properties — they serve as economic indicators, geopolitical tools, and investment vehicles that connect nations across continents and centuries. Understanding how commodities function within global trade and how they shape pricing across industries is fundamental to grasping the mechanics of the modern world economy.
Keywords
Full Text
Full text unavailable
Please download the PDF file to view the full text
References
[1]
1.
[2]
Radetzki, M. (2008). A Handbook of Primary Commodities in the
[3]
Global Economy. Cambridge University Press.
[4]
2.
[5]
Farouk, B. (2014). Commodity Markets and the Global Economy.
[6]
Cambridge University Press.
[7]
3.
[8]
Gorton, G., & Rouwenhorst, K. G. (2006). Facts and fantasies about
[9]
commodity futures. Financial Analysts Journal, 62(2), 47–68.
[10]
4.
[11]
Hamilton, J. D. (2009). Causes and consequences of the oil shock
[12]
of 2007–08. Brookings Papers on Economic Activity, 2009(1), 215–261.