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The poverty in the world - Essay Example

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The poverty in the world – analysis of the article ‘Droughts, Floods and Food’ (Krugman P., Feb 6 2011) 1. Summary The global food crisis has been a critical issue for politicians, economists and academics worldwide. The continuous increase of food prices in markets worldwide seems to be out of control of governments or the international organizations…
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Download file to see previous pages The author also notes that the global food crisis affects mostly poor people – who have to spend most or all of their income on food. Using various examples of extreme weather events worldwide, the author argues that political or economic decisions may be related to the food crisis, but their role in the rapid expansion of the crisis can be doubted; rather the weather, as affected by the increased pollution, should be characterized as the main cause of the global food crisis. The views of the author, as briefly presented above, are critically discussed and evaluated using appropriate literature, i.e. academic studies which focus on the global food crisis. 2. Issues discussed in the paper – presentation and analysis In the article under analysis, Krugman aims to present the key causes of the global food crisis. ...
However, extreme weather events - recent ones - in specific countries are used in order to prove the relationship between the global financial crisis and the specific events. More specifically, reference is made to the fires in Russia, the flooding in Australia and the dry weather in Brazil. It is noted that extreme weather events are more likely to influence the food prices – compared to the commodity prices, which cannot have an impact, in accordance with Krugman, on the food prices. However, no data or relevant reports are used for supporting the specific view. Instead, the events are mentioned followed by the personal views of the author, without using appropriate literature or findings of research made on the specific issue. The key point of the article is that the global climate change which has led to natural phenomena such as the La Nina, is the key cause of the global food crisis and for this reason the claims that ‘Ben Bernanke has blood on his hands’ (Krugman, p.1 & 3) should be opposed as non-valid. Instead, measures should be taken in order to control the global food crisis that, in accordance with Krugman, is expected to further expand, as a result of the increase of greenhouse gases. 3. Evaluation of the author’s perspective In accordance with the issues discussed above, the global food crisis, as expanded quite rapidly in the international community is quite difficult to be controlled, mostly because it is related to events that cannot be foreseen and they are quite difficult to be confronted. In fact, no matter the technology available, certain of these events, cannot be managed, like in the case of fires in Russia and the flooding in Australia ...Download file to see next pagesRead More
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