DesiPundit

What is your opinion on the rising food prices,the declining dollar, and the shooting oil prices?
Sramana Mitra comments on the outlook for the global economy.

My sense is, all the major economies - US, Europe, India, China - would be looking at Free Trade with a question mark at this point. US, particularly Obama, wants to keep jobs in the country. That desire translates into an anti-globalization, anti-free-trade rhetoric that is off-putting, but it is what it is. The declining dollar is causing food prices to rise, oil prices are sending shocks all over the world, also a function of supply-demand inequilibrium. India and China, on the other hand, will need to restrict exports to be able to feed their internal growth, whether in terms of grains or steel.