Assessing Futures

Ian Chaston

Chapter 4 in Entrepreneurship and Innovation During Austerity, 2013, pp 55-67 from Palgrave Macmillan

Abstract: Abstract As recently as the late 1990s, the United Nations Food and Agricultural Organisation (the FAO) and the World Bank supported the view that improvements in food technology would mean that by 2010 the world’s food supply would be growing faster than demand (Schieb, 1999). Unfortunately what these forecasts ignored is that increasing per capita income following economic growth in China and India caused these nations to bid up the price of food and oil; thereby further reducing the poorer nations’ abilities to feed their populations and access affordable sources of energy.

Keywords: Comparative Advantage; Western Nation; United Nations Food; Diamond Model; Wealth Generation (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32443-6_4

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DOI: 10.1057/9781137324436_4

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