How to solve the global food crisis

By Kaushik Basu
Professor of economics, Cornell University

Even small price rises can hit the poor hard

The world economy has many problems but none more pressing than what is happening to food prices.
There have been food riots in Haiti, the Philippines, Ethiopia, Indonesia and several other [...]

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Morning Edition, April 11, 2008 · Demand for ethanol and other biofuels is a “significant contributor” to soaring food prices around the world, World Bank President Robert Zoellick says. Droughts, financial market speculators and increased demand for food have also helped create “a perfect storm” that has boosted those prices, he says.
The soaring costs of [...]

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Monday, 17 March 2008

Analysts fear that banks beyond Bear Stearns may be hard hit

The dollar has fallen to a new record low against the euro, amid continued fears over the state of the US economy and worsening credit conditions. The US Federal Reserve has cut a key lending rate, but the move [...]

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