Nobel Winner Claims Future Food Crisis is No “False Alarm”

Posted on March 23, 2009

2980358860_82f5642f42_mPaul Krugman, a New York Times columnist and winner of the Nobel Prize for economics, recently warned that the world should not allow the financial crisis to overshadow a lingering food crisis.

Krugman noted that a number of resource constraints – such as access to water, oil, and arable land – are converging with growing demand, both from a swelling global population as well as shifting demands for more resource intensive foods (such as meats).

Krugman highlighted the need for more investment into physical infrastructure and agricultural R&D while stressing the need to adjust agricultural policy to benefit developing countries more.

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