Lee Kuan Yew in TODAYONLINE:
Student: In the next 20 to 30 years time, what if global demand for food outstrips supply, then what will be of our food security plan?
Mr Lee: It doesn't matter whether you grow your own food or you buy your food. The question is the price. If there is a food shortage worldwide, the price of food, produce will go up. And the answer for a country like Singapore is to make sure that our incomes rise, our total GDP rises faster than the food prices.
It does not matter whether you grow your own food or you buy your food. The question is the price? Really, Mr. Lee? Let's go back a few years in history and consider the following news headlines from 2008:
Brazil May Curb Rice Exports to Boost Inventory
Vietnam to cut rice exports to curb inflation
Cambodia Halts Rice Exports to Curb Rising Domestic Prices
India introduces rice export ban
And also from 2011
Myanmar Puts Lid on Its Rice Exports
Egypt says rice export ban to Oct 2011
- http://sgentropy.blogspot.com/2011/10/lee-kuan-yew-and-price-of-food.html
Student: In the next 20 to 30 years time, what if global demand for food outstrips supply, then what will be of our food security plan?
Mr Lee: It doesn't matter whether you grow your own food or you buy your food. The question is the price. If there is a food shortage worldwide, the price of food, produce will go up. And the answer for a country like Singapore is to make sure that our incomes rise, our total GDP rises faster than the food prices.
It does not matter whether you grow your own food or you buy your food. The question is the price? Really, Mr. Lee? Let's go back a few years in history and consider the following news headlines from 2008:
Brazil May Curb Rice Exports to Boost Inventory
Vietnam to cut rice exports to curb inflation
Cambodia Halts Rice Exports to Curb Rising Domestic Prices
India introduces rice export ban
And also from 2011
Myanmar Puts Lid on Its Rice Exports
Egypt says rice export ban to Oct 2011
- http://sgentropy.blogspot.com/2011/10/lee-kuan-yew-and-price-of-food.html