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Assessing Futures

In: Entrepreneurship and Innovation During Austerity

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  • Ian Chaston

Abstract

As recently as the late 1990s, the United Nations Food and Agricultural Organisation (the FAO) and the World Bank supported the view that improvements in food technology would mean that by 2010 the world’s food supply would be growing faster than demand (Schieb, 1999). Unfortunately what these forecasts ignored is that increasing per capita income following economic growth in China and India caused these nations to bid up the price of food and oil; thereby further reducing the poorer nations’ abilities to feed their populations and access affordable sources of energy.

Suggested Citation

  • Ian Chaston, 2013. "Assessing Futures," Palgrave Macmillan Books, in: Entrepreneurship and Innovation During Austerity, chapter 4, pages 55-67, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32443-6_4
    DOI: 10.1057/9781137324436_4
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