Thursday, June 05, 2008

Trade Balances due to rise in food-prices


The following is an interesting map that shows the trade-balances due to the projected price rise in food. The condition of African countries seem to be very bad! An already poor continent is projected to lose more than 1% of its 2005 GDP in trade! Looks like the only "middle-class" countries that get to gain reside in South America.

While I know that the map's projections show an unfair trend, I don't understand what trend is fair! Would the situation be fair if the developed nations lose and poor nations gain? How much the loss in the developed nations will in turn affect the under-developed ones? This is still a projected data. So, the more important questions are...can anything be done at all to avoid this projection from sliding into reality? If so, are the stake-holders, the UN, the developed nations and NGOs willing to make the relevant sacrifices?

1 comment:

Maayaa said...

u r tagged!!