World Bank President Robert Zoellick recently listed nine measures that the G-20 should adopt under its current French presidency in order to confront future food crises. But what is needed are measures that address the root causes of crises, rather than just the symptoms of the global food system’s weaknesses.
BRUSSELS – What should the G-20 do to prepare us to confront food crises, now and in the future? World Bank President Robert Zoellick recently listed nine measures that the G-20 should adopt under its current French presidency. These range from improving information about grain stocks and developing better weather-forecasting methods to strengthening social safety nets for the poor and helping small farmers benefit from tenders from humanitarian purchasers such as the World Food Program.
Although welcome, these measures tackle only the symptoms of the global food system’s weaknesses, leaving the root causes of crises untouched. They may mitigate the consequences of peak prices, but they are inadequate to avoiding the recurrence of shocks, which can be accomplished if the G-20 acts on eight priorities.
First, the G-20 should support countries’ ability to feed themselves. Since the early 1990’s, many poor countries’ food bills have soared five- or six-fold, owing not only to population growth, but also to their focus on export-led agriculture. A lack of investment in agriculture that feeds local communities makes these countries vulnerable to international price shocks, as well as to exchange-rate volatility.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Subscribe
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one?
Log in
BRUSSELS – What should the G-20 do to prepare us to confront food crises, now and in the future? World Bank President Robert Zoellick recently listed nine measures that the G-20 should adopt under its current French presidency. These range from improving information about grain stocks and developing better weather-forecasting methods to strengthening social safety nets for the poor and helping small farmers benefit from tenders from humanitarian purchasers such as the World Food Program.
Although welcome, these measures tackle only the symptoms of the global food system’s weaknesses, leaving the root causes of crises untouched. They may mitigate the consequences of peak prices, but they are inadequate to avoiding the recurrence of shocks, which can be accomplished if the G-20 acts on eight priorities.
First, the G-20 should support countries’ ability to feed themselves. Since the early 1990’s, many poor countries’ food bills have soared five- or six-fold, owing not only to population growth, but also to their focus on export-led agriculture. A lack of investment in agriculture that feeds local communities makes these countries vulnerable to international price shocks, as well as to exchange-rate volatility.
We hope you're enjoying Project Syndicate.
To continue reading, subscribe now.
Subscribe
Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.
Already have an account or want to create one? Log in