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Food Crisis

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Written by:

Nicholas K


Date added:

December 29, 2014








No of pages / words:

2 / 344


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8884 times


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It has been calculated that to bring the average per capita food consumption of the world's poorest countries up to the level that exists in the lower middle-income countries, such as the Philippines and Morocco, the cost to the world economy would be about $75 billion per year in current prices. Countries, which agree to receive the food stamps, also would have to agree to open their borders to food imports from the world market...
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They would have the foreign exchange to import food because donor countries would finance the food stamp program with hard currencies. For example, if a country received $100 million in food stamps, its central bank would receive $100 million U.S. dollars or the equivalent in one or more hard currencies earmarked for food purchases--a food account...
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