Saturday, October 2, 2010

Russian Drought

img.ibtimes.com/www/data/images/full/2010/08/...
Here is an example of how drought can cause a national and international disaster/crisis.  The droughts in Russia have been so prolonged this summer that the country has had to halt grain exports which not only minimize grain imports in other countries but also decresses profits in the Russian economy.  It was noted in an article that Russian inflation due to the drought was at 0.9% in September and the country has lost 30 million tons of grain due to the drought.  The export ban was put specifically on wheat but other crops such as potatoes and other vegetables also had a decress in harvest as well.  I thought this was an interesting article as it has related to much of what we have been talking about in class.


 http://en.rian.ru/business/20101002/160803799.html

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