Food Crisis

Effective utilization of Natural Resources for food Depends on Sound Management Theories

Relationship between the world food crisis and the world financial crisis

According to Howard G. Buffett, an organizer of the philanthropic Buffet Foundation, the world food crisis and the world financial crisis coincided at a particularly unfortunate time. Despite the fact that the financial crisis temporarily caused fuel and thus commodity prices to decrease, the majority of the world's consumers were still "spending 70 to 100% of what you make on food, and the balance of what you don't spend on food you may easily spend on transportation or cooking or producing food in small agriculture, those two things are killers. You have an increase in the problem and a reduction of funds. It's the worst possible scenario" ('The worst possible scenario,' 2009, World Food Programme). The devastation of the global economy and reduced availability of...
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