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Double Jeopardy: Responding to High Food and Fuel Prices

Preliminary estimates suggest that up to 105 million people could become poor due to rising food prices alone. A recent World Bank study in eight countries estimates that the increase in food prices between 2005 and 2007 increased poverty by 3 percentage points on average. Extrapolating these results globally suggests that, as a result of the rise in food prices, total world poverty may have increased by 73 million to 105 million people (lower and upper bounds depend on assumptions on the extent to which world prices are passed through to local prices.


"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet
by Melanchthon on Mon Jul 7th, 2008 at 06:42:45 AM EST
so following on, from the world bank report, biodiesel has pushed somewhere between 36 and 52 million people into poverty if the logic follows through.

Even at the US governments lower figure that's between 1.5 million and about 4 million.

How many children did you starve with your last fill-up?

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jul 7th, 2008 at 06:56:41 AM EST
[ Parent ]
How many children did you starve with your last fill-up?

I don't have a car...

"Dieu se rit des hommes qui se plaignent des conséquences alors qu'ils en chérissent les causes" Jacques-Bénigne Bossuet

by Melanchthon on Mon Jul 7th, 2008 at 09:45:54 AM EST
[ Parent ]
Communist ;-)

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Mon Jul 7th, 2008 at 10:32:20 AM EST
[ Parent ]

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