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Price volatility, the main component of food security–a real key to a sustainable development

Author

Listed:
  • Bogdan Bazga

    (Institute of National Economy, Romania)

  • Laurentiu Rebega

    (The Bucharest University of Economic Studies, Romania)

Abstract

The food crisis at the end of the last decade create agriculture prices, price volatility and food security on the top of the global agenda. Price volatility for the main commodities will remain in direct connection with the sustainable development. There are many factors that can influence the sustainable development and the connection between agriculture potential and the possibility of creating food security in our region. One of the great challenges of next decade at the global and regional is and will remain a serious problem especially for countries of the world which are dependent producers of raw materials. Agro food prices will remain as generate factor of national food insecurity. About 2,3 billion from world's population are depend on the agriculture production of commodities such as grain, sugar, rice, meat, cotton, ferrous and nonferrous metals, copper. The first step to a sustainable development understands the fact that a country’s economy means more than the sum of its elements, that modifying a subsystem or another and will bring major changes to the final result.

Suggested Citation

  • Bogdan Bazga & Laurentiu Rebega, 2014. "Price volatility, the main component of food security–a real key to a sustainable development," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 3, pages 101-106.
  • Handle: RePEc:aes:icafee:v:3:y:2014:p:101-106
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