Change has arrived “New Political Reality in North African Arab World”
Food Riots in North African Arab World
There are riots in many African Countries recently. Especially the riots have significance looking at the strategic importance of these countries to the west,
Now youths are angry and want justice. They are angry because they don’t have work, employment, and growth opportunity. The prices are rocketing high and affording anything is difficult. Under these circumstances they are asking for justice from these corrupt regimes supported by their western allies for their own benefit. There are many dimensions to the crisis and none of them are really in the hands of single country in this Globalised environment”.
The famous columnist of Al Jazeera Television Channel Mr. Marwan Bishara writes “The so-called international community has been traditionally silent about totalitarian practices and abuses within its member states, except in cases where certain Western countries or powers have invoked questions of regime oppression either as a tool of foreign policy or championing the cause of human rights for public consumption.
Arguably, the neoliberal economic opening to Western investments has played no small part in the deterioration of the economic situation in
So that when those regimes, as in
Politics: Algerian President Bouteflika led his country out of the civil war that broke out when Islamists were denied an election victory; since the 1990s.
Economy:
In 1992 a general election won by an Islamist party was annulled, heralding a bloody civil War. However, poverty remains widespread and unemployment high, particularly among
Major protests broke out in January 2011 over food prices and unemployment, with two people being killed in clashes with security forces. The government responded by ordering cuts to the price of basic foodstuffs.
Layachi Ansar, professor of sociology at
'Out of control'
Mohamed Ben Madani, editor of The Maghreb Review, said the situation was "out of control" and that the protests could continue for weeks.
Mohamed Zitout, a former Algerian diplomat, told Al Jazeera: "It is a revolt, and probably a revolution, of an oppressed people who have, for 50 years, been waiting for housing, employment, and a proper and decent life in a very rich country.
"But unfortunately it is ruled by a very rich elite that does not care about what is happening in the country - because they did not give people what they want, even though the government has the means to do so, the people are now revolting."
If we look at the other side of the story why this all is happening. Even though economy is slow, there is enough food for everyone and prices are going UP.
According to World Bank “The world economy is moving from a post-crisis bounce-back phase of the recovery to slower but still solid growth this year and next, with developing countries contributing almost half of global growth, says the World Bank’s latest Global Economic Prospects 2011.”
The World Bank estimates that global GDP[1][1], which expanded by 3.9% in 2010, will slow to 3.3% in 2011, before it reaches 3.6% in 2012. Developing countries are expected to grow 7% in 2010, 6% in 2011 and 6.1% in 2012. They will continue to outstrip growth in high-income countries, which is projected at 2.8% in 2010, 2.4% in 2011 and 2.7% in 2012.
Global Stock Market Performance in 2010
The following are some of the key points from a review of the 2010 performance of equity markets around the world:
Stock markets can rise despite low or poor economic growth. The
It was a very good year 2010 for many markets with amazing returns.
FAO food price indices
The FAO Food Price Index in December slightly surpassed its peak of early summer 2008. The indices of sugar and oils and fats increased the most.
o In Asia, domestic prices of rice further strengthened in December and are at record levels in several countries.
o Prices of wheat and wheat flour in importing countries of Asia, Latin America and Africa, remained at high levels.
In December 2010, the FAO Food Price Index averaged 215 points, 1 point above its peak in early summer 2008. The highest increases were recorded for the Sugar and Oils and Fats price indices. The December 2010 index was up 25 percent from December 2009. The Cereal Price Index rose to 238 points, up as much as 39 percent from December 2009.
Why this rise:- If we look at the present global scenario and prices going, there is big gap between what it should be and what it is. When economy is really not growing, poverty is increasing, food supply is enough………still Prices are going up………. The reason is not poor got more money to eat more unfortunately according to George W Bush ex US president when he Said “ India and China Indian Prime Minister Dr
The price of traded food staples such as wheat, corn and rice soared 26 percent from June to November, nearing the peaks reached during the global food crisis of 2008. According to the UN Food and Agriculture Organization, 925 million people worldwide suffered from hunger in 2010, an increase of about 150 million since 1995-97. One third of children in the so-called developing world are malnourished.
The new explosion in commodity prices is being fueled by the cheap credit policies of governments and central banks in Europe,
In the
A major factor in the rise in corn prices is the diversion of a third of
In the
The combined effect of these growing demands is stunning: a doubling in the annual growth in world grain consumption from an average of 21 million tonnes per year in 1990-2005 to 41 million tonnes per year in 2005-2010. Most of this huge jump is attributable to the orgy of investment in ethanol distilleries in the
In the past four months, the Silver has risen 51 percent to a series of 30-year highs, before inflation. It closed last week at $29.31 a troy ounce, as compared to $16.822 at the beginning of 2010―a rise of 74 percent. Wall Street Journal writes “Of the general surge in commodity prices, the Journal wrote: “Prices are rising despite over-supply and a lackluster recovery in industrial demand. Many analysts expected those factors would keep a lid on prices in 2010. What they didn't expect was an overwhelming flow of money into the market from investors eager to ride a commodity rally.”
FOOD PRICES AND INFLATION
If all the food in the world were shared out evenly, there would be enough to go around. That has been true for centuries now - if food was scarce, the problem was that it wasn't in the right place.
The poor, urban multitudes in these countries (including
When food prices soar, these people quickly find that they simply lack the money to go on feeding themselves and their children properly - and food prices now are at an all-time high.
Unfortunately we live in world which does not understand logic and rationales. Only vested interest of Global Powers and Power Brokers and lobbies prevail. No one care how many will die of hunger and poverty.
