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Global Food Crisis and Recession

Author

Listed:
  • Lepojevic Vinko

    (Faculty of Economics, Nis, Serbia)

  • Jankovic-Milic Vesna

    (Faculty of Economics, Nis, Serbia)

Abstract

The global economic crisis put attention away from high food prices. A billion people all around the world got hungry because of the recent big rise in food prices and decades of bad economic politics. Last financial crisis makes these people life much difficult. During 2007 and 2008 the world faced dramatic increases in global food prices, causing economical and political instability and social problems, both in developed and poor countries. The sudden food price jumps scared people that the world will return much back than they could ever imagine. That is not punishment for the poor but even rich and stable countries.

Suggested Citation

  • Lepojevic Vinko & Jankovic-Milic Vesna, 2010. "Global Food Crisis and Recession," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 428-431, October.
    • Handle: RePEc:ovi:oviste:v:10:y:2010:i:2:p:428-431
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    More about this item

    Keywords

    food crisis; food prices; food production; economic crisis;
    All these keywords.

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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