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ID: 086452

Asia's fate in the new world order / Thirlwell, Mark

Thirlwell, Mark	Journal Article
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Publication

2009.

Summary/Abstract

If 2008 was the year of the global financial crisis, 2009 is turning out to be the year of the real economy fallout: a case of Après Lehman, le déluge. It now seems almost unavoidable that 2009 will see the world economy contract in real terms, producing the worst performance for global growth since World War II. International trade and capital flows have been falling so precipitously that deglobalization is threatening to replace globalization as the best description of our current international economic environment. Soft protectionism-in the form of local content provisions and financial mercantilism-is on the rise. Commodity prices have crashed. Unemployment is climbing, as is social unrest, and governments have started to topple.

Key Words

Economy ; Asia ; Financial Crisis

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ID: 075891

Aussies surf China's economic wave / Thirlwell, Mark

Thirlwell, Mark	Journal Article
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Publication

2007.

Key Words

China - Economic Relations -Australia ; Australia - Economic Relations - China

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ID: 090184

New era of food insecurity / Dupont, Alan; Thirlwell, Mark

Dupont, Alan	Journal Article
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Publication

2009.

Summary/Abstract

With the world in the midst of the most serious economic downturn since the Great Depression and soft commodity prices depressed, it is easy to forget that barely a year ago sky-rocketing food prices were generating serious political and social strife in more than 30 countries around the world. The price of rice more than tripled in the 12 months to April 2008, while the food price index published by the Food and Agriculture Organisation (FAO) rose by an unprecedented 50%. In 2007, the number of people living in conditions of food insecurity increased by between 50 and 130 million as the global food import bill rose to its highest level on record. Pessimists predicted the end of cheap food presaging a new era of resource insecurity. The spectre of Malthus seemed once again to haunt the Earth. Were these dramatic increases in price merely a cyclical aberration or do they foreshadow a structural shift in supply and demand that will prove the pessimists right? These are not inconsequential questions. The price of food is a matter of profound importance for the economic well-being of billions of people and the political stability of the most affected states. This analysis explores the reasons for the 2008 food crisis by placing it in historical context and drawing out the implications for policymakers and business.

Key Words

Food Security ; Food Prices ; Population Growth ; Global Population

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