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LATEST NEWS UPDATES | A food crisis not of their making -CP Chandrasekhar and Jayati Ghosh

A food crisis not of their making -CP Chandrasekhar and Jayati Ghosh

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published Published on Sep 19, 2022   modified Modified on Sep 20, 2022

-The Hindu Business Line

The crisis in low, middle-income nations is driven by speculation, falling purchasing power and depreciating currencies

Among the many crises hitting low and middle income countries (LMICs) today, the emergence of extreme hunger and undernutrition is getting much less attention than it should. The cost-of-living” crisis in advanced economies gets a lot of international media attention. It is certainly evident and has political implications.

But what is occurring in much of the rest of the world is even more severe and potentially life-threatening: the inability of significant proportions of the population in low and middle income countries to access the food necessary for healthy survival. And while some of it is the result of global and local supply shortages (including not just the Ukraine war but the impacts of climate change affecting agriculture), the more important factors are the market forces of concentration and speculation, of globally determined macroeconomic processes, and the collapse of livelihood opportunities affecting these countries in the post-Covid world.

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The Hindu Business Line, 19 September, 2022, https://www.thehindubusinessline.com/opinion/a-food-crisis-not-of-their-making/article65911286.ece


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