Saturday, March 15, 2008

Food economic crisis need not be this bad

Indeed, there is already ample evidence that political tensions are building: the World Food Programme, for example, now thinks a third of the world’s population lives in countries with food price controls or export bans.
Developing world being hit hard. Trade and investments barriers need to come down to allow for efficient resource allocation and bring down prices. However, I also read recently that wheat, corn and rice account for half the world's calories. In this instance, we need to move to grains that are not tied to livestock feed and auto fuel.

No comments: