Global Food Crisis and Recession
Lepojevic Vinko () and
Jankovic-Milic Vesna ()
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Lepojevic Vinko: Faculty of Economics, Nis, Serbia
Jankovic-Milic Vesna: Faculty of Economics, Nis, Serbia
Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 428-431
Abstract:
The global economic crisis put attention away from high food prices. A billion people all around the world got hungry because of the recent big rise in food prices and decades of bad economic politics. Last financial crisis makes these people life much difficult. During 2007 and 2008 the world faced dramatic increases in global food prices, causing economical and political instability and social problems, both in developed and poor countries. The sudden food price jumps scared people that the world will return much back than they could ever imagine. That is not punishment for the poor but even rich and stable countries.
Keywords: food crisis; food prices; food production; economic crisis (search for similar items in EconPapers)
JEL-codes: Q11 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:10:y:2010:i:2:p:428-431
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