The global food crisis: causes, Severity and outlook
This paper discusses the various factors that have been identified as responsible for the current global crisis in the availability of food and for the rise in prices of cereals. It argues that the crisis is different from the ones in the 1960s and 1970s in that there is now likely to be a permanent upward shift in real prices. It is important that developing countries place renewed emphasis on selfsufficiency to ensure food security, since they are unlikely to be able to afford expensive food imports.