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The Washington food crisis consensus
Did following the advice of the IMF and World Bank in the 1990s set poor countries up for a big fall when grain prices spiked a decade later?
Andrew Leonard [2008-04-23]

  • Vietnam

    Electro Robot comes to the rescue of the IMF. Never suprising. Do you have proof these countries are 'mainuplating' the market, or is this just finger pointing?

    Vietnamese workers, with permission from their union, recently went on strike against foreign companies for low pay, due to the increase in rice and other food prices IN Vietnam. This is not even an export issue. To use your analogy, did the Saudi's drive up the price of pump oil within their own country when they shut down production to the U.S. in 1973?

    This one strike shows the theory of 'market manipulation' is not correct.

    -- ELYDOG
    [Read ELYDOG's other letters]
    Thursday, April 24, 2008 10:50 AM
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