The Rice Price Spike of 2007-2008 (Optional)

Video 53 of 245 from the course: Development Economics
Twitter HashTag: #MRUDevEcon
Share:

In 2012 another wave of food price spikes has been hitting the world.  Here is what happened last time, and why it may well happen again.

 

Contributed Content (0) and Suggested Materials (2)

Ask a Question

 
user's picture

There are a few glitches like this one.

user's picture

Actually Japan did engage in import restrictions and the U.S. brought a WTO case against them for it that resulted in them being required to purchase U.S. rice which they refuse to give to their citizens so they created a strategic rice reserve which is how we got out of the global crises that wasn't. Check out Planet Money on NPR for a more in depth report.

Please register or login to answer a question
Please register or login to ask a question