If you’ve been reading me, you know that there is a serious crisis on the horizon (or closer) regarding world grain supplies. PK reviews the trend a bit and points out that your inconvenience at your local mega-mart may very well mean starvation for others. He then reviews the factors of influence:
increased meat consumption in [...]
I’ve been working through the welfare effects of the recent policy changes in world food import/export policies in response to rising food prices. It is telling that the subject was not broached in my course on international trade, though perhaps it is more telling that the professor had never heard of trade diversion and was [...]
Well, food prices have been rising for some time, as I’m sure you have noticed at your local mega-mart. Unfortunately (the dismal in dismal science), these prices reflect the reality of world prices, and the world’s poor are feeling it much more than you. Even rice prices are going up, as global rice reserves are [...]
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