CULTURAL FAIR EXTRA CREDIT!!(South Asia)

Food Prices on An All-Time High

The increase on prices for food has now become a large economic issue. With population of Asia soaring, it is becoming more difficult to feed such a great amount of mouths and still have a well-run economy. Asia faces many risks to their population growth. For example, the financial instability is rising, increasing food and energy cost, and the US slowdown. It is important that we focus on energy and food cost right now as it has impacted Asian economies and will continue to unless something is done.

Although there are many risks involved. If Asian countries increase their interest rates so that there is such a broad gap between the US and themselves, inflation may occur. However, if gas prices continue to drastically rise, many worry inflation will be greater. It shall impact the consumption in Asia for quite some time.

http://economictimes.indiatimes.com/News/Economy/Indicators/Food_prices_threaten_Asian_economic_stability_ADB_head_/articleshow/3133453.cms