Soaring food prices – such as wheat, which has hit a 2-1/2-year high – could feed political tumult in Africa, despite earlier proclamations that an Egypt-style revolt would not spread to sub-Saharan Africa.
If the world has a poor harvest this year, food prices will rise to previously unimaginable levels. Food riots will multiply, political unrest will spread, and governments will fall.
The effects on the global economy will be insignificant.
Egyptian Ahmed Zewail won the Nobel Prize for chemistry in 1999. Here he gives four steps to make the transition to democracy in Egypt.
Congress did it in 1986, and the president wants to do it again.
Civil unrest in Egypt has the potential to impact the world economy.
The West needs to be careful what it wishes for. Western capitals want China to be more responsible and active, but they don’t like it when Beijing is more assertive. China wants respect, but not responsibility.