Time: How Thailand’s Botched Rice Scheme Blew a Big Hole in its Economy

How Thailand’s Botched Rice Scheme Blew a Big Hole in its Economy – Time, July 12, 2013
…When he saw Thailand’s pledge to hike up the price of rice, he says he and virtually every global trader knew how to respond. With the click of a mouse, or sometimes a quick phone call, his traders in Dubai could switch their purchases from Thailand to suppliers in India, Pakistan, Myanmar, or Vietnam. “It doesn’t take five minutes,” he says. “There are no government-to-government contracts. There are only business-to-business contracts. I can buy anything from anywhere…”

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