We must accept the new industry structure

摘要

Are riots across the developing world similar to those prompted by soaring food prices in 2007/8 set to return to ourTV screens? It's a scenario being raised by a number of informed commentators, as they see the droughts in the US and extreme weather events elsewhere causing crop prices to spiral. Compounded by other rising manufacturing input costs, they are driving up food inflation. For us in the developed world -especially the poor - rising food prices can be painful. But for people in the developing world, the effects are far more serious.