Wednesday, 11 May 2011

Inflation in Asia-Pacific

I read this editorial on the BBC Website. Last time I wrote only the summary. So this time I try to write not only summary but also my opinion.

A Very Short Summary
According to the report from BBC, Asia-Pacific countries are facing the excessive inflation now.  The report also suggests that it is needed for governments and central banks in these countries to tighten their monetary policies in order to hedge the risk of inflation.  It strongly declares that the China actually has faced with overheating inflation.  Inflation is not the problem for only firms, monetarist or politicians.  It does attack affect our daily life.  The cost of foods and houses become higher and higher.  Then, strong currency is regarded as a solution against inflation. 


My Opinion
Of course, inflation has good aspects. It makes imports cheaper. I think that, however, we East Asian countries have to be sensitive against to inflation. We have to learn something from bitter experience.  Moreover, we should remind remember that the country which has a strong currency in East Asia is Japan and Japan will face with economic damage caused by after effects of earthquake and Tsunami.
We do not have regional monetary union and there is no criteria or rule, although our markets are deeply committed and depend on each other.  Therefore, it can be said that East Asian countries need to keep watchful eyes on inflation by their selves especially in this time.

2 comments:

  1. Good for you to do both the summary and the comment. Indeed, a summary for a story like this length is bound to be short, as we would like to see only the main points.

    Since this news is about prices and inflation, it would be a good idea to mention the date of publication in your summary.

    It was a good attempt to use *hedge the risk*, but the correct phrase is 'hedge against the risk'.

    Look at the last 3-4 sentences again and see if you could add a word or two to make these sentences more related to each other.

    IN the sentence 'It does *attack* our daily life.' Do you mean 'affect'? Also, is 'currency' a countable or uncountable noun?

    Have you tried a concordancer online? You might find it useful for checking what preposition that the word 'sensitive' takes, and other words too.

    Can you tell the difference between 'remind' and 'remember'? Also, which one is correct, 'their selves' or 'themselves'?

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  2. Thank you for your advice.
    I am not sure that "currency" is a countable or uncountable noun because my dictionary says that "currency" is uncountable and countable. Should I have written "which has a strong currency?"

    I looked up "sensitive" again and understand I should have written "sensitive to inflation." And I have to correct "their selves" to "themselves."

    Thank you,Sandra.

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