Saturday, January 10, 2009

The Outcry Is Muted, But The Food Crisis Is Getting Worse

The financial debacle has drowned out coverage of food shortages. Where are the billion-dollar bailouts for the hungry?

by Jayati Ghosh

Just a few months ago, we were being told that this is a period of stark, unprecedented and unfolding food crisis, with looming shortages and huge global imbalances between demand and supply. Everyone who matters - from officials in international organisations to leaders of rich and poor countries - warned us of the terrible social, political and nutritional consequences of doing nothing, of the millions who would go hungry and the riots that would occur if the imbalances persisted or increased.

But now the whole problem has disappeared from the international radar, relegated to the inside pages of newspapers and perfunctory afterthoughts in politicians' speeches. So what happened? Was it not such a problem, after all?

No, the "silent tsunami" has simply been overwhelmed in public awareness by the much noisier tsunami in the world of international finance, with the giant sucking sounds of possible bank collapses and enormous bail-outs grabbing all the attention. Yet the global food crisis is far from over, and is even likely to intensify in the near future.

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