The Food and Financial Crises in Sub-Saharan Africa: Origins, Impacts and Policy Implications
Only three years after the global food crisis of 2007-2008, in early 2011, the threat of a new 'food price crisis' revisited the world. Concerns were raised anew in the media, among international development institutions, in aid agencies and among developing country governments about th...
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| Principais autores: | , |
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| Formato: | Livro |
| Idioma: | English |
| Publicado em: |
CABI
2014
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| Assuntos: | |
| Acesso em linha: | https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/37083 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Resumo: | Only three years after the global food crisis of 2007-2008, in early 2011, the threat of a
new 'food price crisis' revisited the world. Concerns were raised anew in the media, among
international development institutions, in aid agencies and among developing country
governments about the magnitudes of current and predicted food price rises their causes
and likely duration, their potential impacts on poverty and nutrition and about how the
poor would cope. Debates were renewed about the efficacy of different mechanisms and
policies to address both causes and outcomes. Meanwhile, poor and vulnerable populations
around the developing world were left to grapple with the consequences of another round
of substantial food price increases and their impacts on purchasing power, food
consumption, and family nutrition.
The earlier crisis, as it turned out, was only the first in a series of calamitous events in
the late 2000s that included the most severe global financial crisis since the Great
Depression and a global economic recession that, though severe, appears now to have
fortunately been less devastating than initially expected. Nonetheless, the appearance of
another food price crisis so soon after the last one leads to the question of whether, and to
what extent, such events are due principally to transitory shocks or are the outcomes of
structural economic forces. The implications of this question are significant. If the events of
the late 2000s were transitory, then their effects, though harsh to many of the poor in sub-
Saharan Africa and other developing countries, are less likely to repeat themselves than if
they were the outcome of underlying structural market forces. As is discussed at length in
this volume, the earlier food price crisis was in fact due to both. The emergence of a new
food price crisis represents, in part, the outcome of some fundamental changes in the world
food economy, including the growing linkages between food and energy markets. |
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