Agricultural Economics (AGRICECON) (Mar 2012)
Food crisis, food production and poverty
Abstract
There is a sufficient global potential to produce the food required to feed the world population on the global level. Despite this, the number of hungry people worldwide was 925 million in 2010. Developing countries account for 98% of the world undernourished people and have a prevalence of undernourishment of 16%. Food security increasingly depends on non-agricultural factors like energy, trade and finance. The negative economic and social impacts of food, energy and the global economic and financial crises showed the vulnerability to poverty. High and rising food prices further undermined the food security and threatened the livelihoods of the most vulnerable by decreasing their already limited purchasing power. The main step in reducing poverty and hunger in developing countries is to invest in agriculture and rural development. Scaled-up investments in social protection that focus on nutrition and health are also crucial for improving the lives of the poorest people.
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