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Explaining the Pain.(World Affairs; Voices)(inflation)

Newsweek International

| August 11, 2008 | COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Economic leaders and experts lay out the inflation problem, and how to fix it.

Prevent The Worst Of All Worlds

Dominique Strauss-Kahn, on how rich and poor nations must work together to make sure commodities inflation doesn't snowball.

It is obvious why we should care about the rise in the price of some goods. Ask an ocean fisherman or a long-haul trucker about the rapid rise in oil prices. Ask a mother in Africa about soaring food costs that mean she can only afford one bowl of rice a day for her children. Recent increases in oil and food prices have hit many people hard, and the poorest people hardest.

But often when we read about ...

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