World Bank Head Raises Food Prices Alarm: ‘One Shock Away From a Full-Grown Crisis’
The International Monetary Fund and World Bank have held their spring meetings at the World Bank building in the US capital, Washington DC.
They discussed the outlook of the global economy, and the challenges that lie ahead.
It’s the fourth year of the global financial crisis, and the world economy is slowly picking up. But there are still great vulnerabilities and uncertainties.
That’s the message world financial leaders are sending out from their spring meeting.
World Bank President Robert Zoellick says the surge in food prices is the biggest threat to the world’s poor, pushing 44 million more people into poverty over the past year.
Robert Zoellick, World Bank President, said, “Of particular concern is food prices. This is the biggest threat today to the world’s poor, where we risk losing a generation. We are one shock away from a full-grown crisis. The financial crisis taught us that prevention is better than cure. We cannot afford to forget that lesson.”
Keep reading …
http://www.theblaze.com/stories/world-b … om-crisis/
If I accept this as true or accurate which is not so certain given the OP's record.
Food prices are controlled by the big corporations who are the vendors, logistics and the producers of most of what the west eats. Their supermarket retail fronts have driven all competetion out of business and now they control YOUR food supply. When the manufactured threat of terrorism wears off they will need a new overbearing worry to control people and this is one of the possibilities.
When the oil is nearly gone in the not too distant future there will be no escape left for anyone anywhere as you will be trapped under the weight of your negative equity house, unable to afford travel and your existence fine-tuned by the slave store supermarket near you.
by Stacie L 7 years ago
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by Deforest 4 years ago
World Bank? Is it positive and encouraging for the world development or is it negative? Is it the end of the American hegemony?
by freecampingaussie 5 years ago
What are food prices like where you are ? And where are you ?We found food to be very cheap in Little India Singapore/ Czez Republic but very very expensive in Switzerland - hardly buying anything here - A cabbage is almost 6 francs , meat is a luxury here ... We were buying meat elsewhere...
by Austin Dawursk 6 years ago
I want to know the Hubpages communities opinion on war. And maybe this could be the start of a debate that can answer a lot of questions the government refuses to ask or answer.
by rickylicea 5 years ago
http://droughtmonitor.unl.edu/ (Map of Drought)"July 22 U.S. Department of Agriculture (USDA)reports indicated that 55 percent of the nation’s pasture andrangeland was in poor to very poor condition, breaking lastweek’s record."http://www.bloomberg.com/news/2012-07-2 …...
by Medvekoma 2 years ago
World Bank forecasts world poverty to fall under 10% until the end of the year.Is globalization truly the evil to fight? Are first world countries actually exploiting the developing ones? A World Bank forecast published on the 4th of October prophetized the fall of poverty rate on Earth to under...
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