Arab Spring & food
Agricultural FDI: Risky Business?
<div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p> <a href="https://english.alarabiya.net/en/business/economy/2014/04/23/World-Bank-Ukraine-Russia-crisis-may-hit-Arab-food-imports.html" rel="nofollow">Al-Arabiya reported</a> a few weeks ago that the political crisis in Ukraine and Russia is threatening the availability of food in Egypt and Jordan. Food prices becoming hostage to political crises is certainly not a new phenomenon: food plays an important role in the stability of societies through its availability, affordability, and quality. We learned this lesson from the 1789 French Revolution and more recently, many commentators link soaring food prices in 2010 with the events leading up to the ‘Arab Spring.’ The latter is not surprising when <a href="https://www.fao.org/fileadmin/user_upload/tci/docs/The%20Grain%20Chain_ENG.pdf" rel="nofollow">Arab countries import 56% of their cereal consumption, and some Arab countries import 100% of their wheat consumption</a>. These recent market dynamics have led many countries to revisit their food security strategies with an eye to securing food supply.<br /><br /> There is a vigorous <a href="https://necsi.edu/research/social/food_prices.pdf" rel="nofollow">debate over the reasons pertaining to the food price increases in 2008, 2010, and 2012.</a> Many highlight the effects of seasonal, short and medium term factors such as weather changes and biofuel-related crop conversions as well as long term factors such as population growth, income growth, and climate change. These price increases in food have enormous effects on people, <a href="https://www.worldbank.org/en/results/2013/04/11/global-food-crisis-response-program-results-profile" rel="nofollow">for example, the 2008 food crisis pushed 105 million people into poverty.</a><br /> </p> </div></div></div>
Thu, 22 May 2014 14:30:00 +0000
593 at https://blogs.worldbank.org/miga