Wall Street Journal: Thailand’s Ruinous Rice Subsidy

Thailand’s Ruinous Rice Subsidy – WSJ, June 20, 2013
…Predictably, the market wanted nothing to do with Ms. Yingluck’s clumsy attempts at price manipulation. Sensing an opportunity to gain ground, rice exporters in other countries—notably Vietnam and India—rushed in to fill the shortfall. Meanwhile, private-sector Thai exporters responded by investing in emerging producers such as Cambodia, Laos and Burma…

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