New York Times on Scarcity

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Jim recommended the article on Western water, which seems quite solid.
The paper also has an article on falling Chinese grain production.

http://www.nytimes.com/2004/05/02/international/asia/02farm.html

I am still struck by the resource inflation ahead along with falling
manufacturing costs.

If these two trends continue, could we see a reversal of the terms of
trade between developed and less developed economies?  If so, will we
see a more muscular imperialism?

Just speculating.

 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu