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The following article was published in our article directory on February 22, 2011.
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Food Prices Threats To The Global Stability

Article Category: Business

Author Name: xia zihui

Four months to world food prices by 15%, poverty population increased 44 million people, the world bank warned:

World bank President Robert zoellick 19 ・ remind global major economy, soaring food prices is threatened by some countries political stability, make the world toward "danger point".

The international food prices, the threats to global tens of millions of people living, affects the vast number of developing countries, countless people sensitive nerve, food security again became global attention.

Zoellick:

The world toward "danger point"

"We are headed to the danger point" zoellick said, he had urged the g20 finance ministers and central bank governor in line with "2011 food first" attitude to 18 opening the g20 finance ministers and central bank governors meeting.

By zoellick said that rising food prices will eventually lead to supply increased, but the middle years "could cause unrest, political instability and social unrest. Food, such as fuel commodity prices and social stability is closely linked.

"We need to keep sensitive, using fingertips feel what is happening, to understand the food price changes and social stability, the influence of" zoellick 19 in a telephone conference said.

Zoellick calls on the international community to prepare, help some instability country out of economic difficulties.

G20 meeting:

Aimed at food fight inflation

G20 (G20) finance ministers and central bank governors 19 end a two-day meeting in Paris. The most important achievements is meeting will measure the package of excessive unbalanced economic indicators agreement and agree through strengthening multilateral cooperation to shrink economic excessive unbalanced, finally realizes the global economy is powerful, sustainable and balanced growth.

Chinese finance minister XieXuRen stressed that all countries should strengthen international economic policy coordination and keep main reserve currency stable exchange rate, reduce international capital flows, prevent arbitrage global inflation risks.

Countries also agreed to inhibit excessive volatility commodity prices, especially increase strengthening coordination problem of agriculture in developing countries investment, ensures that food security. G20 urging countries and international organizations, it caused a raw material prices excessive volatility of cause and effect analysis, research measures, and accordingly submitted a report to the g20.

Rising food prices

Poor countries hurt very deep

The bank previously published data display, 2010 October to January 2011, global food prices by 15%, poverty population increased 44 million people.

The disturbing is, in each crisis behind, often is the tragedy, "the food crisis" is even more so. According to statistics from the bank, since June 2010, international food prices in developing countries lead to up to 44 million people into poverty.

It must be pointed out that the international food prices for both rich and poor countries, the influence of different. In developed countries, food expenses accounts for only part of the total cost of the residents rarely, rising food prices to their little impact; While in some poor countries, food spending accounted for more than half the total cost of the residents, rising food prices to their hurt very deep.

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