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Hitting Where It Hurts.(Global Investor)(food inflation)
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Newsweek International
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May 5, 2008
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Copyright informationCOPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Giving timely food assistance to ward off further suffering among the world's poor has become a moral obligation.
Inflation is a cruel tax. It places a very heavy burden on the poorest countries. And when the driver of inflation is higher food prices, the issue becomes one of survival for the most vulnerable segments of the population. Economic concerns can, and do, morph into political ones, as citizens take to the street to express anger at their governments' apparent failure to act.
This is the situation today. Food prices have surged as higher demand has been turbocharged by other factors. Caught by surprise, policymakers at both the national and international ...
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