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The article discusses price controls (ceiling prices) as a remedy for rising inflation in certain Asian economies (all above 4 %). The ceiling price was employed on food prices that were the main cause for rising inflation. The price controls were an alternative to raising interest rates which would raise the value of the local currencies by attracting foreign capital. The article discusses the feasibility of price controls as short term vs long term solutions. It states that price controls reduce incentives and efficiency in the long run by not rewarding producers appropriately. Nevertheless, they are effective in this particular case since the rise in price of food (pork rose 60 %) was mainly attributed to supply irregularities. If the price rises were caused through excessive demand, then price controls would perhaps not be as beneficial in the short run since the likelihood of a black market developing/smuggling would be much higher.

"Putting caps on prices is only a short-term solution" Asian countries, China, Malaysia, and the like, are reluctant to raise prices on fundamental goods such as food and petrol. This allows the people of the country to have access to cheap petrol and thus more motivation for actions which lead to economic growth using petrol. Although the price caps seem beneficial for the country, that is only true in the short run. In the long run, the price caps will increase consumption in the country, and thus increase the demand for more crude oil from abroad which will lead to a rise in global prices of crude oil. Thus, looking ahead, it is for their own sakes that Asian countries should cut down on their price controls on such goods.

This article talks about Indian government relaxing price controls of drugs. It now controls 74 bulk drugs, but this number is expected to halve under new policy. Currently, there are price controls on formulations with a 50% market share and annual turnover of 40million rupees. This figure will be relaxed to 250m.

This articel reveals the unwillingness of India to relinquish control over oil prices. This because of a need to keep them managable for their large poor population and to control inflation.But the are lifting these prices incrementally to prepare them for market control

This article discusses the risks and benefits of a price control set on oil prices in typhoon-hit areas. There is quite an extensive discussion on why it is a bad or good idea.

this article explains certain issues with regards to price controls of wine. wine cost control is important because subsidizing wine industry is an important topic in the Eu and in world, this article has intself many aspects and problems which could be faced due to wine control and here is also said why is it difficult to control it.

If I understood rightly what the article talks about. It touches our lesson by two different ways: 1) A maximum price is put to the mutton exported from Australia in order to have more a less the same price as the national produced mutton. 2) During festival days, when demand increases on those typical resources of those days. Price ceiling is maintained by government in order to make prices not reach abusive by sellers.

This article is an opinionated view on price controls regarding prescription drugs. The author, David B. Kendall, wishes that the US will not import foreign price controls on prescription drugs and instead create their own thus making them completely tailored to the US' needs and limitations. This is because of safety concerns of some foreign drugs that can not be regulated by the FDA (Food and Drug Administration).

This article discusses price controls on rice in Sri Lanka. It explains why price controls were set on different types of rice.

in my article is vividly shown price control. it is connected to low South African electricity prices

Prime Minister Commodore Voreqe Bainimarama has chosen to lower the price of food so as to allow the villagers of Fiji. Still the price was left high enough to let businesses a good profit. This is a perfect example of price roof that doesn't have negative ripercussions on the market

Zimbabwe's week-old campaign to calm down its crazy inflation by physically forcing merchants to lower prices and it is pushing citizens to the edge.

This article talks about the price of some essential food products soared 30% in 30 days, so the government could introduce a maximum price of a food product.

The cost of groceries in Australia has been going up and up, with consumers paying the price in a market largely controlled by two giants, writes Tania Dey.this article is about rising food prices. and can competition help.

Since it's not in the government's favor to impose taxes or increase interest so as to gain the people's voices in the case of re-election, some country's central banks have become independent, as in the case of Mexico in this article. With this independence, the central banks opt to impose their control of inflation through the increase and decrease of interest rates with the objective of maintaining a low, stable rate of inflation. Recently, Mexico's annual inflation rate cooled in February to its lowest in 14 months despite some sharp increases in food prices. This kept the pressure off the central bank to raise interest rates soon.

This article discusses the price ceiling on rice in Sri Lanka and the penalties for breaking this ceiling.

This article talks about the UK government setting a minimum wage which probably will create unemployment as we read in the weekly reading activities.