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Thursday, November 8, 2012

''Rising Food Prices - Threat to Global Economic Development''

From Economy Watch

''The most recent threat to the global economy is the rising food prices. The ever-expanding demand-supply gap is the contributing factor for this food price rise. In the recent times the shortage in the food supply has led to violence in many parts of the world. Pakistan has made use of troops to safeguard trucks that are carrying flour and wheat. Violent protests are also witnessed in countries like Mexico, Morocco, and Uzbekistan. This has in turn affected the normal functioning of the economy. The worst hit is the trade segment, which is the major source of revenue for these countries.''

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