...The article “High Food Prices Cause for Concern” by Martin Khor discussed about the issue of food prices which hits the peak level in the world. This article is related to the one of the ten economics a principle which is the seventh principle: Governments Can Sometimes Improve Market Outcomes. According to Mankiw (2009), the purpose of government to interfere the market is to promote efficiency or to promote equality. The market is controlled by the invisible hand. Invisible hand is a term used by Adam Smith to describe the free market which the market is guided by the invisible hand regulating the economy without the government interferes. However, the invisible hand does not always able to regulate the economy. At the normal situation, the invisible hand will allocate the resources into their most efficient uses. When the resources failed to be allocated efficiently, the situation is called market failure. Market failure occurs when the resources in the market are unable to allocate efficiently. At this time, the government will interfere with the market to reallocate the resources through certain measures. On the other hand, the invisible hand does not always ensure that resources are allocated equally. Therefore the government needs to interfere by implementing taxation system. Based on the article, food prices are soaring high exceeding the previous peak level in mid of year 2008. According to the Food and Agriculture Organization, the food price index had increased up...
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...Md. Arafater Rahman Bhuiyan Assistant Professor Department of business studies Bangladesh University of Business & Technology Subject: Letter of Transmittal Dear Sir, With due respect we, the undersigned students of BBA 28 intake, section 07 of a group have Case study on “Why did global food price rise” under the course: International Business. This case study has enabled us to gain how to increase global food price rise. So it becomes as an extremely challenging and interesting experience. Thank you for your supportive consideration for formulating an idea. Without your Inspiring this case study would have been an incomplete one. Lastly, I would be thankful once again if you please give your judicious advice on effort. Yours’ sincerely, On behalf of my group Md. Mahmud Hasan ID No- 11123101283 Department of Business Studies Acknowledgement Every case study big or small whatever, is successful largely due to dedicated people who have always given their valuable advice. I sincerely appreciate the support and guidance of all those people who help us to complete this case study. I am Md. Mahmud Hasan. Extreamly grateful on behalf of my group to my course teacher Md. Arafater Rahman Bhuiyan who gave a case study task to complete with good direction. And also, grateful unknown economic online blogger who wrote articles on his blog & we got some important information. I also grateful to my group...
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...4, 2011 Analysis Paper Food Prices Increase Most in 36 Years There are many different reasons for the price of food to fluctuate up and down. For some people when price of food goes up, they buy less of it, which is known as a normal good. On the other hand, some people find certain foods a necessity to their diet that it does not matter the price of the good, they just buy it anyways. In this case, food runs as a necessity. Recently, wholesale prices have jumped by the most it has seen in nearly two years due to high energy cost and the steepest rise in food prices. Wholesale prices are prices that are usually about half the price of something that could be purchased in retail value. The price of food has soared 3.9 percent last month, causing the biggest gain since November 1974. This increase in food was due to a rise in vegetable cost, which increased by 50 percent. Along with this increase, meat and dairy products also rose. To figure out how the price of food rose, we look at the supply and demand curve of food and other things that could have caused this. Food is known as a necessity because people will always buy it. When taking a look at the demand side of food, the demand curve for food would be perfectly inelastic because no matter what the price of food is people will always buy some type of food; compared to someone buying an ipod, which we would consider a luxury good. In the article, it does not say whether the price of food will cause the demand to go...
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...economy here in the Philippines. However, this could also mean that some other Filipinos, who are contributing a lot in our economic growth, will be at an edge of helping themselves to this “firmer peso”. Food producers and exporters alone, from the ₱37.50-to-the-dollar exchange rate could cost them around $30 million to $40 million this year, which are exporter loss around $100 million. This is the case that food exporters and local food producers worrying about the stronger peso against the dollar. They will also lose their competitiveness against the other Asian country that may cause severe unemployment, closures of factories, flooding of cheaper imported goods in the local market and other social problems and unrest. Besides, the appreciation of the peso may harm also the overseas Filipino workers (OFWs) and their families, business-process outsourcing (BPOs) firms and foreign investment in general. These segments are the prime carrier of growth in our economy which contributes for as much as 70 percent of gross domestic product (GDP). Strong peso plus the high sugar price, makes local food producers and exporters come to haste to restore the D-Sugar allocation of 2 percent. This will be considered as hedge for the on-going raise of the peso coupled with high sugar price, which cost around ₱40 to ₱44 per kilo without...
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...Introduction to International Business Global Food Prices 1. Who benefits from government policies to (a) promote production of ethanol and (b) place tariff barriers on imports of sugarcane? Who suffers from these policies? If CO2 emissions are actually bad for the environment, everyone benefits from the government promoting the production of ethanol. Of course, this is controversial and a highly debated subject. The companies and farmers that work together to produce ethanol also benefit from the government promoting production of ethanol. Everyone in the industry makes more money because of the demand for ethanol. The people that suffer from these policies are consumers. Prices of corn, soybean, and sugarcane have increased. This has an impact on grocery bills. The increase in the price of corn also increases the price of beef. Farmers have to buy corn at an increased price to feed their animals and the cost is passed to the meat buyer (Bullock). 2. One estimate suggests that if food prices rise by one-third, they will reduce living standards in rich countries by about 3 percent, but in very poor ones by about 20 percent. According to the International Food Policy Research Institute, unless there is a change in policies cereal prices will rise by 10 to 20 percent in 2015, and the expansion of biofuel production could reduce calorie intake by 2 to 8 percent by 2020 in many of the world's poorest nations. Should rich countries do anything about this...
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...Case study why did global food prices rises. 1. The farmer benefits from the government policies to promote production in ethanol because it created a incentive for farmers to plant more crops that can be turned into biofuels, and also farmers receive subsidies from the government between .29 to .36 per liter of ethanol. Placing a tariff on imports of sugar cane hurts the producers of sugar cane, and consumer of sugar cane such Brazil and typical consumers because nations such as United States tariff is 25 % of the value, and Eu tariff is 50 % of tariff. Now consumer must pay much more, and Brazil is left uncompetitive in the bigger markets. The final consumer and producer of sugar cane which is Brazil suffers the most from those policies. 2. If food prices are projected to raise to 1/3 of the price, reducing living standards in rich countries by about 3 %, and in poor countries by 20% , products such as cereal rising 10 to 20 % by 2015, and biofuel production reducing calorie intake by 2 to 8 % by 2020 in many of the world`s poorest country this is huge so rich countries should definitely do something, because the balance in the economy between the rich and poor will shift greatly with more poor`s in developed nations. An in the poor nations with calorie intake increasing the demand for food will continue to rise eventually until poor nations can`t afford it and a large amount of their population dies from starvation. So this issue...
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...lobal Food Prices 1. Who benefits from government policies to (a) promote production of ethanol and (b) place tariff barriers on imports of sugarcane? Who suffers from these policies? If CO2 emissions are actually bad for the environment, everyone benefits from the government promoting the production of ethanol. Of course, this is controversial and a highly debated subject. The companies and farmers that work together to produce ethanol also benefit from the government promoting production of ethanol. Everyone in the industry makes more money because of the demand for ethanol. The people that suffer from these policies are consumers. Prices of corn, soybean, and sugarcane have increased. This has an impact on grocery bills. The increase in the price of corn also increases the price of beef. Farmers have to buy corn at an increased price to feed their animals and the cost is passed to the meat buyer (Bullock). 2. One estimate suggests that if food prices rise by one-third, they will reduce living standards in rich countries by about 3 percent, but in very poor ones by about 20 percent. According to the International Food Policy Research Institute, unless there is a change in policies cereal prices will rise by 10 to 20 percent in 2015, and the expansion of biofuel production could reduce calorie intake by 2 to 8 percent by 2020 in many of the world's poorest nations. Should rich countries do anything about this? If so, what? The fact that calorie...
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...Environmental Management and Sustainable Development in Vietnam Kenichi Nakagami As a result of the Asian currency crisis, wishful thinking about a future leading role of the East Asian economies in the world economy has lost momentum.The currency crisis has had a great impact on Vietnam,which adopts the ‘Doi Moi’ policy, and negative changes in regard to the outlook towards economic growth and foreign investment are becoming noticeable. However,since Vietnam joined ASEAN in 1995, improvement of hard and soft infrastructures, which contributes to Vietnam’s economic development,is well underway,and industrialization and urbanization are rapidly progressing. This has caused the gravitation of population towards cities, and the impoverished conditions of rural communities. The citizens are now facing the difficulty created by widening earning differentials between city and rural communities. The serious environmental pollution such as air pollution(CO2,SOx,NOx), waste disposal,and water pollution occurred in urban area. There is a need to work out a countermeasure to this situation, need for the sound economic development of Vietnam. It is necessary to perceive environmental and social effects precisely and to learn from the experience of environmental destruction in the Japanese economy which is described as “noneconomic mindedness of economy inconsiderate of environment” in order to achieve sustainable development. The objective of this paper is to grasp the relationship between...
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...Why Did Global Food Prices Rise? Why Did Global Food Prices Rise? There are many economic factors that lead to the increase in food prices globally. The case explains exactly “Why Did Global Food Prices Rise?” and how the economic factors have impacted countries and world’s lack of food. The tariffs and subsidies give rise to the increasing global food prices. This case also talks abut how the government policies may be an advantage for some domestic producers and the disadvantage to others. The ones who benefit from the government policies to promote production of ethanol are obviously the ones producing ethanol because they are looking for more options to be able to make ethanol. The different types of raw materials that can be produced into a substitute for gas, can affect the price of all goods. The ones who benefit to place tariff barriers on imports of sugar cane are the countries that have a higher production of raw material because they will benefit from all of the production. For example: corn and soybeans are mainly used as tangible means for biofuel. The more demand for ethanol and biofuels, the more it will increase our prices for foods. Sugar cane can also be used for biofuels, however due to the tariff barriers the price of sugar cane has increased and it can no longer compete with the subsidized corn and soy beans. The Poor are suffering worldwide as a result of these policies. Unfortunately some of them are unable to afford food. Developed countries...
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...Why Did Global Food Prices Rise? There are many economic factors that lead to the increase in food prices globally. The case explains exactly “Why Did Global Food Prices Rise?” and how the economic factors have impacted countries and world’s lack of food. The tariffs and subsidies give rise to the increasing global food prices. This case also talks abut how the government policies may be an advantage for some domestic producers and the disadvantage to others. The ones who benefit from the government policies to promote production of ethanol are obviously the ones producing ethanol because they are looking for more options to be able to make ethanol. The different types of raw materials that can be produced into a substitute for gas, can affect the price of all goods. The ones who benefit to place tariff barriers on imports of sugar cane are the countries that have a higher production of raw material because they will benefit from all of the production. For example: corn and soybeans are mainly used as tangible means for biofuel. The more demand for ethanol and biofuels, the more it will increase our prices for foods. Sugar cane can also be used for biofuels, however due to the tariff barriers the price of sugar cane has increased and it can no longer compete with the subsidized corn and soy beans. The Poor are suffering worldwide as a result of these policies. Unfortunately some of them are unable to afford food. Developed countries are usually giving the subsidies...
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...February 2010, Diamond Foods Inc.’s then-Chief Financial Officer Steven Neil asked his team of accounts an unusual question. How much could the snack-food company pay for walnuts that year and still top Wall Street estimates? According to the complaint released by the Securities and Exchange Commission, the answer was 10 cents less than the expected 82 cents that the company was expected to pay. To cover the difference, Mr. Neil devised a plan to put the extra cost into the following year which all the company the report better-than-expected results. The alleged fraud gave the company a string of earning beats and a strong rise in its stock. It also allowed Diamond Foods Inc the necessary currency needed to clinch a deal to buy the Pringles snack brand from Proctor and Gamble for $2.35 billion. Everything unraveled after the Wall Street Journal and some skeptical investors questioned the company’s accounting. According the Diamond Foods Inc, they conducted an internal investigation and ultimately restated its finances for the 2010 and 2011 fiscal years. The restated numbers showed the stock price per shared dropped from $90 a share to $13 a share. The fraud also had a negative impact on acquiring the Pringles snack brand. Diamond fired Mendes and Neil in early 2012 and restated its earnings after an internal probe concluded that the accounting was improper. (Hamilton, 2014) On January 9th 2014, the Securities and Exchange Commission charged Diamond Foods and its former SFO in...
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...From: Vampire_king1902 To: Thinking Group 17h45’ 09/21/2014 TẠI SAO GIÁ LƯƠNG THỰC TOÀN CẦU TĂNG ĐIỂM? Trong 25 năm qua, giá lương thực toàn cầu đã giảm, thúc đẩy bởi sự tăng năng suất và sản lượng của khu vực nông nghiệp trên toàn thế giới. Trong năm 2007, điều này đã kết thúc đột ngột khi giá lương thực toàn cầu tăng vọt. Vào tháng năm 2007, giá lúa mì thế giới tăng lên trên $ 400/tấn (mức cao nhất từng được ghi nhận) và tăng từ $ 200/tấn vào tháng 5. Giá ngô tăng đến $ 175/ tấn, khoảng 60% trên mức trung bình của nó cho năm 2006. Chỉ số giá lương thực, Điều chỉnh lạm phát mà tạp chí Economist có giữ từ năm 1845, đạt mức cao nhất từ trước đến nay trong tháng 12 năm 2007. Một cách giải thích cho giá lương thực tăng cao đã được gia tăng nhu cầu. Nhu cầu tăng đã được thúc đẩy bởi tiêu thụ thực phẩm lớn ở các quốc gia phát triển nhanh chóng, đặc biệt là Trung Quốc và Ấn Độ. Tăng tiêu thụ thịt, đặc biệt, đã đẩy nhu cầu đối với các loại ngũ cốc; phải mất 8 kg ngũ cốc để sản xuất 1 kg thịt bò, vì vậy khi nhu cầu tăng thịt, tiêu thụ ngũ cốc của gia súc tăng lên. Nông dân bây giờ cho gia sức của họ ăn hơn 200-250 triệu tấn ngũ cốc, hơn là họ đã làm cách đây 20 năm, đẩy giá ngũ cốc tăng lên. Sau đó, có vấn đề trợ cấp nhiên liệu sinh học. Cả Hoa Kỳ và Liên minh châu Âu đã áp dụng các chính sách để tăng sản lượng ethanol và diesel sinh học để làm chậm sự nóng lên toàn cầu (bao gồm cả sản phẩm được lập luận để sản xuất lượng khí thải CO2 ít hơn, mặc dù chính xác hiệu quả của họ có...
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...ibm [pic] [pic] KERTAS KERJA MALAM SANTAI BUDAYA KOLEJ MELATI 2013 TARIKH: 19-21 OKTOBER 2013 TEMPAT: DEWAN SRI BUDIMAN MASA: 8.00 MALAM – 11.00 MALAM Anjuran: BIRO KESENIAN DAN KEBUDAYAAN JAWATANKUASA PERWAKILAN KOLEJ MELATI SESI 2012/2013 Contents Contents 1 1.0 TUJUAN 2 2.0 PENGENALAN 2 3.0 OBJEKTIF 2 4.0 KUMPULAN SASARAN 2 5.0 TARIKH/ TEMPAT/ MASA 2 6.0 KAEDAH PERLAKSANAAN 3 7.0 JAWATANKUASA PELAKSANAAN 3 8.0 IMPLIKASI KEWANGAN 3 9.0 PENUTUP 3 10.1 LAMPIRAN A: TENTATIF PROGRAM 4 10.2 LAMPIRAN B : STRUKTUR ORGANISASI 5 10.3 LAMPIRAN C : IMPLIKASI KEWANGAN 7 10.4 LAMPIRAN D : SYARAT-SYARAT PENYERTAAN 8 Rujukan 9 1.0 TUJUAN Kertas cadangan ini disediakan untuk memohon pertimbangan dan kelulusan dari pihak Kolej Melati untuk mengadakan Malam Santai Budaya 2013 yang akan diadakan pada 19-21 Oktober 2013. 2.0 PENGENALAN Program yang bakal diadakan ini merupakan program penganjuran pertandingan tarian yang akan dianjurkan di peringkat UiTM seluruh Malaysia di mana semua kampus – kampus UiTM akan menghantar wakil kumpulan tarian tradisional untuk dipertandingkan. Program anjuran Biro Kesenian dan Kebudayaan Kolej Melati ini merupakan program untuk meningkatkan kecintaan para pelajar terhadap aktiviti kebudayaan dan kesenian khususnya tarian tradisional Melayu. Selain itu, ia merupakan sebahagian daripada rancangan langkah untuk mencapai...
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...ASKING USEFUL QUESTIONS: GOALS, ENGAGEMENT, AND DIFFERENTIATION IN TECHNOLOGY-ENHANCED LANGUAGE LEARNING by Joy Egbert Washington State University jegbert @ wsu.edu In his popular 1997 article, Steve Ehrmann encouraged us to ask useful questions about technology for education (Ehrmann, 1997). In the years since Ehrmann asked his questions, increased pressures from legislative bodies, educational stakeholders, and business have driven an ever-increasing influx of technology into schools; however, this is not necessarily the evil that it has been portrayed as in various media. Within classrooms the availability of technology is offering us as language teachers the opportunity to usefully question what we do and why. Although technology itself is incapable of action or thought, its presence in our classrooms and schools is helping to facilitate questions about the goals of language classrooms, conceptions of teaching and learning, and our ability to address student needs. If we ask good questions and apply the answers to use technology in effective ways, resultant changes in our thinking and our pedagogy can lead to greater student achievement This paper first asks questions about and discusses language classroom goals. It then reflects on two related, essential strategies for language teaching and learning that can help us meet these goals: engagement and differentiation. Finally, the paper provides examples of how technology can be used to engage and differentiate for our learners...
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...Historical behaviour of food prices and their likely future path By Anne-Sophie Corbeau Georgios Gavotsis Jie Yue Michael Mahmoud Nanditha Chinnaraj Raphael Zumofen Business Economics Lecturer: Professor David Shepherd Imperial College Business School MSc Management Word Count: 2495 10th November 2011 “The common theme for why all these commodity prices are higher is the substantial increase in fund flow into these markets, which are not big enough to withstand the increase in funds without pushing up prices” By Kevin Morrison, Journalist for the Financial Times April 9, 2006 Table of Contents i. Introduction 1 ii. Movements in food prices 1 iii. Structure of the food market 8 iv. Government Intervention in the Food Market 10 a. Tariffs and Quotas 10 b. Subsidies and Export Taxes 11 c. Price Support Mechanisms 13 v. Forecast of food prices evolution over the next 20 years 16 vi. Bibliography 21 Introduction The aim of this paper is to analyse the various factors that have contributed not only to rise of food prices over the last two decades, ending the trend of falling food prices#, but also how the structure of the food commodity market and government intervention have contributed to price spikes and generally increasing food commodity prices. The paper will conclude with a forecast of long-term food prices and the factors that will contribute to a continued increase...
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