SINGAPORE — Asia is leading the world economy out of recession. The region’s most populous nations — China, India and Indonesia — appear to doing particularly well, setting the pace for renewed growth in Northeast Asia, South Asia and Southeast Asia.
Yet amid the buoyancy are concerns over food security and rice prices. World Bank President Robert Zoellick warned Nov. 25 that the combination of low interest rates, volatile commodity markets and poor harvests in some parts of Asia could make 2010 “another dangerous year for food prices in poor countries.”
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