Causes of the Global Food Crisis and Its Impact on the Arab World

Jane Harrigan
Additional contact information
Jane Harrigan: University of London

Chapter 4 in The Political Economy of Arab Food Sovereignty, 2014, pp 73-114 from Palgrave Macmillan

Abstract: Abstract Chapter 1 illustrated the magnitude of the global food crisis in the form of escalating prices in 2007–08 and 2010–11 (Figure 1.1 in Chapter 1). We also argued in Chapter 1 that the structural causes underpinning this crisis are likely to persist such that high and volatile food prices will continue. Figure 1.1 in Chapter 1, was based on a composite price index. The FAO food price index is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices (representing 55 quotations), weighted with the average export shares of each of the groups for 2002–04. Figures 4.1 through 4.5 show the price trends for the five commodity groups that constitute the index. As can be seen, the commodity groups showed sharp price increases in 2007–08 and 2011, although the increase was less pronounced for the meat price index (Figure 4.1).

Keywords: Food Insecurity; Food Price; Arab Country; Global Food; Arab World (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33938-6_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137339386

DOI: 10.1057/9781137339386_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().