THE QUESTION
Food riots have broken out in Egypt, Indonesia, Cameroon, Peru and, most recently, Haiti. What impact do you see the food-price explosion having on the world or your region, politically and economically? What can be done about it?
Posted by David Ignatius and Fareed Zakaria on April 16, 2008 9:00 AM
FROM THE PANEL
William M. Gumede is Associate Editor at Africa Confidential. He is Research Fellow at the School of Public and Development Management, University of the Witwatersrand, Johannesburg. He recently released the bestselling book Thabo Mbeki and the Battle for the Soul of the ANC.
Blame autocracy and poor local leadership for Africa's latest food problems.
Kyoko Altman has worked as a correspondent and anchor for CNN and CNBC, and as a news-magazine reporter for Japan's top-ranked news program 'News Station' on TV Asahi. She has covered more than twenty countries.
The immediate crisis could be eased if governments stopped hoarding and lifted their export restrictions. In other words, faith in the market needs to be restored.
Originally from Pakistan, Anwer Sher is based in Dubai and writes for Gulf News, Khaleej Times and Emirates Today. His varied career experience includes banking, consulting, and real estate development. He has a Masters degree in International Relations.
It would be ignorant for rich Western countries to think they’re immune from the food problem.
Swaminathan S. Anklesaria Aiyar is the Consulting Editor of The Economic Times, India's largest financial daily. He writes a popular weekly column, titled Swaminomics in the Times of India. He spends roughly half the year in New Delhi and half in Washington D.C., where he is a research fellow at the Cato Institute and an occasional consultant to the World Bank. He has been the editor of India's two main financial dailies, The Economic Times (1992-94) and Financial Express (1988-90). He was also the India Correspondent of the British weekly, The Economist, for most of two decades between 1976 and 1998.
George Bush and the greens, usually foes, have joined forces to create a food shortage that today threatens millions in poor countries with hunger and starvation.
Carlos Alberto Montaner is a Cuban-born writer, journalist, and former professor. He is one of the most influential and widely-read columnists in the Spanish-language media, syndicated in dozens of publications in Latin America, Spain and the United States. He is also vice president of the Liberal International, a London-based federation devoted to the defense of democratic values and the promotion of the market economy. He has written more than twenty books, including Journey to the Heart of Cuba; How and Why Communism Disappeared; Liberty, the Key to Prosperity; and the novels A Dog's World and 1898: The Plot. He is now based in Madrid, Spain.
In opulent Europe (at least in Spain, where I live), nothing special will happen as a result of the price increases. Today, Europeans set aside a much smaller percentage of their wages for food than they did 10 or 20...
Miklós Vámos is a Hungarian novelist, screenwriter and talk show host. He is one of the most read and respected writers in his native Hungary. He has taught at Yale University on a Fulbright fellowship, served as The Nation’s East European correspondent, worked as consultant on the Oscar-winning film Mephisto, and presented Hungary’s most-watched cultural television show. Vámos has received numerous awards for his plays, screenplays, novels and short stories, including the Hungarian Merit Award for lifetime achievement. The Book of Fathers is considered his most accomplished novel and has sold 200,000 copies in Hungary.
The so-called civilized countries with the over packed malls, food stores and fast food restaurant chains should make up their mind and send some of their surplus to the needy before they would come over to get it.
Dr. Ali Ettefagh serves as a director of Highmore Global Corporation, an investment company in emerging markets of Eastern Europe, CIS, and the Middle East. He is the co-author of several books on trade conflict, resolution of international trade disputes, conflicts in letters of credit, trade-related banking transactions, sovereign debt, arbitration and dispute resolutions and publications specific to the oil and gas, communication, aviation and finance sectors. Dr. Ettefagh is a member of the executive committee and the board of directors of The Development Foundation, an advisor to the United Nations High Commission for Refugees, and an advisor to a number of European companies. Dr. Ettefagh speaks Persian (Farsi), English, German, French, Spanish, Italian, Arabic and Turkish.
Civil commotion over food prices is essentially about low incomes and reduced purchasing power -- and not just in developing countries. But it helps not to be dependent on food imports.
Miriam Leitao is a reporter and columnist for O Globo and Radio CBN in Brazil. She is also a commentator on Globo TV Network and runs her own blog, www.miriamleitao.com, hosted at Globo online at www.oglobo.com.br. She was awarded Columbia University’s Maria Moors Cabot Prize in 2005.
Rising food prices are partly the price of prosperity -- but the US ethanol program isn't helping things.
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