These subsidies push down the world market price, hurting, among others, 11m cotton producers in West Africa.
Chile is a positive example of how to use money generated from resource extraction, creating a stable budget long term: a commission of experts conservatively estimates the world market price of copper for the decade to come.
There are sizeable quantities of uranium on the world market, although the price has recently soared.
Yet due to the subsidised US fibre swamping the world market they cannot get a good price.
Economics has a number of useful concepts to help guide activity in the real world and this one of a market clearing price is one of them.
Europeans realize that the oil price is set by the world market, Dings said.
It seems that for some it is difficult to accept that the oil price is made on the world market, not in America.
The United States has recently been putting pressure on Saudi Arabia to increase its oil production, thereby lowering the price of oil on the world market.
Mr Cline thinks most poor countries would benefit from a rise in the relative price of agricultural goods in the world market.
Of more general significance, the markets would realize that some two million barrels a day of Iranian oil were now removed from the world market for an indeterminate period of time, and the price of oil would jump.
Japan is the most undervalued market in the world, offering the best chance for equity price appreciation.
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The price ratios of MSCI Emerging Market index stocks and MSCI World Equity are converging, meaning lower beta equity prices are moving in line with higher beta.
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This action is not about price but rather about ensuring an adequately supplied market to protect the world economy from unnecessary damage when it is in a fragile state.
Like the oil market, the money markets are fretting that the high price could hurt the world economy.
This was possible because a protected market allowed Caribbean exporters to sell sugar to Europe at more than three times the world price.
Such arguments ignore the fact that the crude-oil market is global: no American firm is selling its crude any lower than the world price.
Negotiations on the export of natural gas are still stalled over price, which is no wonder given the effect of the shale gas revolution on the world market.
The world downturn will be led by problems in the US housing market, but the IMF warns that excessive house price inflation in some European countries, including Spain, Ireland and the UK, has made them more vulnerable to a slowdown.
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