The shocking headlines have had our attention all week. The price of basic food staples have increased 45% in just the last nine months – and they’ve doubled in the last three years.
As we all must know – these rising prices deal a crushing blow to the world’s poorest people – people who already spend more than half of their income on food.
This weekend, World Bank President Zoellick said that this hunger crisis could “push 100 million people in low-income countries deeper into poverty” and that the effects would be equivalent of “seven lost years in the fight against worldwide poverty.”
The shortage is fueling social unrest in some of the most fragile nations around the globe. Haiti, Egypt, Niger, Burkina Faso, Cameroon, Indonesia, Ivory Coast, Senegal, Mozambique, Bolivia and Uzbekistan discontent has already erupted. “For countries where food comprises from half to three-quarters of consumption, there is no margin for survival.”(Zoellick)
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