Policymakers across Asia seem in near panic over spiraling food inflation, but is it really so...

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7footMoose Comments (2242)
 
Think high food prices, short supply, people hungry, riots and overthrow of the government; you're out of a cushy job and maybe if your not quick enough you lose your life. Not so cool if you think of it that way, huh.
13 Jan 2011, 11:32 AM Reply Like

Silentz Comments (706)
 
"High food prices reflect greater affluence"

A gradual increase in food prices maybe. But spiraling inflation? If inflation is outstripping wage increases, affluence isn't the word I'd use.
13 Jan 2011, 11:45 AM Reply Like

banyon Comments (63)
 
When the greater affluence creates massive disparities in income, it doesn't necessarily mean that the lower classes in these countries can simply pony up the extra bucks for the higher prices.

These income disparities are much more pronounced in China and India than in a fully developed country.
15 Jan 2011, 01:33 PM Reply Like