Word: inflationitis
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What has changed is that, because of economic reform, the government has gradually eased its control over the rice trade during the past 15 years. India is now more open to the world - and more exposed to global price fluctuations. Farmers and traders across India are now selling to the...
The Race for Rice Some governments are not taking a long-term view, however. In a game of beggar-thy-neighbor, they're trying to keep inflation at home from soaring out of control. Vietnam recently imposed export quotas to maintain domestic supplies, which reduces the international inventory and drives...
It will be a long battle. Decades of misrule have turned Zimbabwe into an economic basket case. Inflation is 100,000%, unemployment 80%, and up to 1 million people (out of a population of 12 million) have fled to neighboring South Africa. "We are very conscious that it's very...
Leaders like President Hu Jintao are of a generation that received a Soviet-style education in the 1950s. "They don't have the knowledge or imagination to make better decisions," Link says. They operate under a system of collective decision-making that constrains the state's ability to be flexible...
China's problems are not confined to Tibet. There have also been rumblings in the far-western Xinjiang province, populated largely by the Uighur Muslim minority group. Protests by hundreds of Uighurs over religious issues were reported by rights groups in late March. The Chinese press has meanwhile reported several...