25 April 2008
Who Faces Malnuitrition?
Those most affected by the rise in food prices throughout the world are the poorest 1 billion people in the world. These people are generally those living in countries with broken governments, civil wars, border conflicts, heavily infringed property rights, little participation in free markets, and widespread corruption. There is a good article on this on Real Clear Politics by Steven Malanga, called Free Markets are Rare in Starving Nations. These are the people being priced out of the food market by rising world affluence where the free markets are stronger and because of the choice in the West to convert food into ethanol and biodiesel fuels.