Asian wall street fast food journal
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One of the most profound results of globalization has been the rapid rise in the number of Western-style fast food outlets around the world, particularly in Asian countries. Brands Inc. In parallel with the increasing consumption of fast food and soft drinks around the world, obesity and type 2 diabetes have truly become global problems, afflicting countries wealthy and poor. Worldwide, an estimated 1. The concomitant spread of Western-style fast food and the diabetes epidemic has raised an important public health question: Does the increased consumption of these foods contribute to cardio-metabolic diseases, particularly in Asian populations?
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Is Fast Food Bad Value for the Public?
Global Food Forum, The Wall Street Journal, October 7,
Costco and Sam's Club, two giant American retailers, just announced that they are limiting purchases of rice by their customers. Meanwhile, in the developing world, the World Bank estimates soaring food prices threaten to put million people back into the ranks of the hungry, threatening to reverse decades of progress that prosperity had achieved. Rising food prices may well signal the onset of a new kind of era, in which elevated food prices are a long-term reality driven by three key changes: rapid demand for more and more energy-intensive food in fast-growing Asia; the competition that new biofuels are posing for land; and the effect of climate-change-induced drought on global agricultural supplies. And while Asia is one of the dynamos of the world economy, it is also most vulnerable to food price increases: Most of the world's poorest people still live there, and the price of rice, a staple of the consumption basket in Asia, has risen especially sharply in recent days.
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The Fast Food Revolutionary
In , when McDonalds was first introduced to China, fast food restaurants from western countries were not widely accepted in China. In fact, many Chinese had never heard about the typical menu such as French fries and hamburgers that were offered in fast food restaurants. This observation suggests that when McDonalds was introduced to the Chinese people, China had been going through an integrated development in many aspects of life, including attitudes towards economy and foreign countries. Bicycles in the street showed that cars were not available to an ordinary family in China at the beginning of the s. The number of restaurants that have been built in mainland China indicates the drastic change in the development of McDonalds, and the total number of employees also suggests that this successful fast food chain has occupied most food retailing environments in mainland China.
This was an interesting overview of McDonalds in Asia, though overall I found it somewhat lacking. Not the research itself, but the extent that it had to be condensed in order to be presented in a From a historical perspective, McDonald's Ray Kroc may be viewed as the latest in a line of foreign rulers who conquered Asia.