The doubling of the price of rice in Asia has given rise to what some have coined “the Asian Food Crisis.” While some economists feel that this is a temporary price hike, others see that the devastation from the recent cyclone in the central rice growing region of Burma can only exacerbate this condition, however temporary.
War decimated the landscape of Vietnam. The drastic economic times that followed drove Vietnam into the globalizing economy at lightning speed — and the country soon became the second largest exporter of rice in the world. After the war, Vietnam catapulted into the global marketplace, fast becoming the second largest producer of rice in the world. But the price of this rice is still being calculated: one out of every seven people in Vietnam goes hungry, for lack of rice, and farmers are spending more on chemical fertilizer than they are earning in profits.