Saturday, August 2, 2008

Greg Mankiw's Blog: Why food prices are rising

Greg Mankiw's Blog:Food prices? Blame Policies, Not Markets!

"...a top World Bank agricultural economist, have imputed a large proportion of the rise in food prices to the growing use of food crops for fuel.

...The leading trading countries have repeatedly failed to commit to real reform, with short-term political convenience overriding their own national long-term interests."

Think about it, how many politicians have guts to take a risk their “minority” vote for sake of nation’s long term interest! Masquerade under “farm”, for many - it is very emotional word.

  • Doha Development Round
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