Food Price Crisis: A Wake-Up Call for Food Sovereignty

Posted on 13 May 2008. Filed under: Agriculture, Food Security, Governance, MDGs |

Food prices have been increasing sharply. According to the World Bank, global food prices have climbed by 83% over the last three years. The real price of rice rose to a 19-year high in March 2008, an increase of 50% in two weeks alone while the real price of wheat hit a 28-year high, triggering an international crisis.

The increase in food prices is impacting the most vulnerable – the poor are particularly affected, as their diets rely on the very staples that are becoming too costly: cereal grains, cooking oil, and dairy. However, the crisis is being felt not only by the poor, but is also eroding the gains of the working and middle classes, while investors and speculators are busy moving financial capital into food commodity markets after the housing bubble burst in 2007. In the meanwhile International Financial Institutions are promoting further trade liberalization and technological fixes such as the Green Revolution to boost agricultural production.

This Policy Brief examines the impact and causes of the soaring food prices and explores the viability of solutions recommended by the World Bank, WTO and the IMF to deal with growing hunger. It then makes own recommendations on how to stave off the starvation.

Click here to download the policy brief.

The Oakland Institute is a progressive policy think tank working to increase public participation and promote fair debate on critical social, economic, environmental and foreign policy issues.

Read the original article at: Food Price Crisis: A Wake-Up Call for Food Sovereignty

Related Articles on this Weblog: FOOD SECURITY

Make a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

    About

    A blog created to cover environmental and political information in Kenya with a view to promoting POVERTY ALLEVIATION through creating awareness of the Millennium Development Goals

    RSS

    Subscribe Via RSS

    • Subscribe with Bloglines
    • Add your feed to Newsburst from CNET News.com
    • Subscribe in Google Reader
    • Add to My Yahoo!
    • Subscribe in NewsGator Online
    • The latest comments to all posts in RSS

    Meta

Liked it here?
Why not try sites on the blogroll...

%d bloggers like this: