But nothing stays the same forever.
But nothing stays the same forever.
Join me in a Twitter Chat on why global food prices remain high on Dec. 4 at 10 a.m. ET/15:00 GMT. I'll be tweeting from @worldbanklive with hashtag #foodpriceschat. Ask questions beforehand with hashtag #foodpriceschat. Looking forward to seeing you on Twitter.
Today there are 842 million who are hungry. As the global population approaches 9 billion by 2050, demand for food will keep increasing, requiring sustained improvement in agricultural productivity. Where will these productivity increases come from? For decades, small-scale family farming was widely thought to be more productive and more efficient in reducing poverty than large-scale farming. But now advocates of large-scale agriculture point to its advantages in leveraging huge investments and innovative technologies as well as its enormous export potential. Critics, however, highlight serious environmental, animal welfare, social and economic concerns, especially in the context of fragile institutions. The often outrageous conditions and devastating social impacts that “land grabs” bring about are well known, particularly in severely food-insecure countries.
So, is large-scale farming—particularly the popularly known “super farms”—the solution to food demand challenges? Or is it an obstacle? Here are the 10 key questions you need to ask yourself to better understand this issue. I have tried to address them in the latest issue of Food Price Watch.
- food security
- food price watch
- super farms
- South Asia
- United States
- United Kingdom
- Trinidad and Tobago
- Russian Federation
- Congo, Democratic Republic of
Why should this matter to people who care about development? Illegal fishing can undermine the livelihoods of poor people who depend on the ocean to make a living. The evasion of tax and royalty regimes can deprive developing countries up to hundreds of millions of dollars a year in much-needed revenues. In some regions, the rate of illegal fishing is high enough to endanger the sustainable management of a resource already stressed by overfishing.
This past May, I traveled to Kenya, Uganda, and Tanzania to produce “Mind the Gap: Gender Equality and Trade in Africa” with a Nairobi-based film crew. As I headed off on my first official trip, I read and re-read the chapters that this film was designed to complement — all part of a fantastic new book, “Women and Trade in Africa: Realizing the Potential.” I felt very comfortable with the facts and figures — tourism in Kenya accounts for 12.5 percent of GDP; cotton is the third largest export in Uganda; small business owners are a huge part of Tanzania’s export economy, etc. — but did not fully understand the situation we were trying to explore until I met Mary.
The countryside around the Obuom farm, where I was traveling last week, is not rich. The landscape is scarred by deep gullies caused by soil erosion. Half the people live below the poverty line; and malnutrition affects 45 percent of children under the age of five. Climate change and the resultant increasingly unpredictable rainfall will make this land even tougher to farm. Over the next 70 years, climate change could reduce food crop yieldsby as much as 16 percent worldwide and up to 28 percent in Africa. Yet climate-smart approaches are giving farmers better options and helping them increase production, incomes, and resilience, and reduce greenhouse gas emissions.
TIMBUKTU, Mali - Months after a rebel attack was rebuffed in Mali, the country is striving to stabilize in order to fight poverty and boost shared prosperity. I'm visiting the West African nation with UN Secretary-General Ban Ki-moon to underline international commitment to the region.
Physical interconnection of the Central African countries’ fiber optic networks is a key objective of the Central African Economic and Monetary Community’s (CEMAC) Regional Economic Program. By facilitating high-speed communications, these regional networks will make a critical contribution to growth, job creation, and improvement of the sub region’s standard of living.
The World Bank Group got the go-ahead on a new strategy aimed at repositioning itself to better tackle its two goals: ending extreme poverty by 2030 and boosting shared prosperity. The strategy aims to more efficiently and effectively leverage finances, technology, and talent to provide customized development solutions for client countries. In a communiqué at the close of the Annual Meetings, the Development Committee said it “strongly endorsed” the plan. The committee said the Bank Group has an important role to play “in delivering global development results, supporting countries with their specific development challenges, and helping them eradicate poverty and build resilience to future financial, economic, social, and environmental challenges.” Read the communiqué and article.
A new paper updated the Development Committee on the gender equality agenda at the World Bank Group. In the past year, all of the Bank’s country assistance strategies were “gender-informed,” and the total share of gender-informed lending rose from 83% to 98% between FY12 and FY13. This translates into a dollar figure of almost $31 billion, notes the paper.
At least 80% of countries considered fragile or affected by conflict are home to valuable extractive resources that the global economy hungers for. Earth’s riches like oil, gas, and minerals often fuel conflict, trapping all but the elites in poverty amid vast wealth.
A high-level panel of industry experts and representatives from CSOs and resource-rich nations weighed in today on the challenges that define poverty or prosperity in a fragile country.
Fragile states endowed with natural resources have the chance to benefit from their transformational impact, said Sri Mulyani Indrawati, managing director and chief operating officer of the World Bank Group. "Success can mean stability and development, and failure can mean aid dependency,” she said.
Indrawati underscored the need to get things right — alluding to the recurrent discussion regarding the “resource curse.” “Our focus is on transparency, governance, and strengthening country capacity,” she said.
On transparency, panelist Clare Short, chair of the Extractives Industries Transparency Initiative, an international standard that ensures transparency around countries’ oil, gas and mineral resources, acknowledged that extractive resources “are very difficult to manage.”