What’s Wrong With this Story of Economic Growth?

China becomes the factory of the world, and the
 ensuing flurry of economic development
   creates new demand in China for oil and gas, and this
    raises fuel prices, which in turn
     causes the U.S. to turn to corn for biofuels, which in turn
      causes corn prices to rise, which then
       raises animal feed prices, which in turn
        causes pork prices to rise, which causes
         unrest in China.

Answer here.

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Published:
6.1.07 / 11am
Category:
General