Global Food Crisis Expected to Produce Social Unrest

World Bank President Robert Zoellick says a global food crisis demands the immediate attention of world leaders.

"As financial markets have tumbled, food prices have soared," Zoellick said in a speech on Wednesday. He said the situation is not expected to get better any time soon -- and he is pushing what he calls a "new deal for global food policy." Full Story »

Posted by Brian Benson

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Evelyn Messinger
2.0
by Evelyn Messinger - Oct. 1, 2008

As I read this story recaping Robert Zoellick (World Bank President) speech on food crisis, I wondered about Zoellick's loyalties, but want told anything about that. QUOTES & COMMENTS: Zoellick said the World Bank will work with countries, especially in sub-Saharan Africa, to create a "Green Revolution" that will help countries boost productivity and help small farmers break the cycle of poverty. ...Zoellick said his new deal requires a shift away from traditional food aid. He said in many cases, cash or vouchers work better than commodity support in building local food markets and boosting local farm production. COMMENT - When these guys talk about GREEN REVOLUTION, run for cover! The new deal also requires a shift away from trade barriers. The world's agricultural trading system is stuck in the past, Zoelllick said. He said it's time to cut agricultural subsidies and open up markets for food imports. COMMENT - No mention of whether he thinks the US should change its farm policies... In his speech on Wednesday, Zoellick mentioned biofuels as one the "realities" that will keep food prices high for years to come. The Energy Policy Act of 2005 passed by Congress and signed by President Bush increases the amount of biofuels (usually corn-based ethanol) that must be added to gasoline sold in the United States. COMMENT: Zoellick should condemn the use of food for fuel, period!

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