Rapidly rising food prices have led to instability in many countries and have fuelled inflation in less developed economies where food spending is a greater proportion of overall consumer spending. A number of factors have contributed to this rapid rise in prices, but one important contributory factor is the move towards growing crops that can be used as bio-fuels in the developing world and this shift in production is having a knock-on effect in world food markets.
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An agricultural crime against humanity Monbiot.com (6/11/07)
Global food crisis looms as climate change and fuel shortages bite Guardian (3/11/07)
|1.||Identify the main factors that have led to rising world food prices.|
|2.||Assess the extent to which the move towards bio-fuels has contributed to the rise in world food prices.|
|3.||Explain how the impact of rising food prices differs in the developed and developing world.|
|4.||Discuss policies that governments could adopt to ameliorate the impact of rising food prices on the level of economic growth.|