POL3173 Lecture Notes - Lecture 2: Millennium Development Goals, Futures Exchange, World Trade Organization
24 May 2017
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Document Summary
Global food crisis and factors that contribute too it. Understand the concept and challenges of global good governance. 07/08 there was a sharp rise in food prices: demonstrated fragility and volatility of global food system. Over 850 million were considered food insecure as a result. Food riots and civil unrests erupted in over 40 developing countries as governments struggled to cope with the magnitude of crisis. Early 09 the fao announced that the number of chronically hungry people in the world had climbed to over 1 billion. Poor people already spend about 60-80% of their income on food. When food prices double, disposable income shrinks and people cut down on better eating habits like fruits vegetables and meat. In the 90s about 20% of the population in developing countries were malnourished, and the millennium development goals was expected to reduce this number drastically. Money goes to big, rich farmers producing corn and soybeans in states such as iowa.
