Thursday, November 6, 2008
Monday, March 24, 2008
Coming soon..................Devlopment economics for the new world.....................
Development economics is a branch of economics which deals with economic aspects of the development process in low income countries. Its focus is not only on methods of promoting economic growth and structural change but also on improving the potential for the mass of the population, for example, through health and education and workplace conditions, whether through public or private channels. Thus, development economics involves the creation of theories and methods that aid in the determination of types of policies and practices and can be implemented at either the domestic or international level. This may involve restructuring market incentives or using mathematical methods like inter-temporal optimizationor project analysis, or it may involve a mixture of quantitative and qualitative methods. in many other fields of economics, approaches in development economics may incorporate social and political factors to devise particular plans
Monday, November 26, 2007
The price of food is soaring. The threat of hunger and malnutrition is growing. Millions of the world's most vulnerable people are at risk. An effective and urgent response is needed.
The first of the Millennium Development Goals (MDG), set by world leaders at the U.N. summit in 2000, aims to reduce the proportion of hungry people by half by 2015.
This was already a major challenge, not least in Africa where many nations have fallen behind. But we now face a perfect storm of new challenges.
The price of basic staples ― wheat, corn, rice ― are at record highs, up 50 percent or more in the last six months. Global food stocks are at historic lows.
The causes range from rising demand in major economies like India and China to climate and weather-related events such as hurricanes, floods and droughts that have devastated harvests in many parts of the world.
High oil prices have increased the cost of transporting food and purchasing fertilizer. Some experts say the rise of biofuels has reduced the amount of food available for humans.
The effects are widely seen. Food riots have erupted in countries from West Africa to South Asia. Communities living in countries where food has to be imported to feed hungry populations are rising up to protest the high cost of living.
Fragile democracies are feeling the pressure of food insecurity. Many governments have issued export bans and price controls on food, distorting markets and presenting challenges to commerce.
In January, to cite but one example, Afghanistan President Hamid Karzai appealed for $77 million to help provide food for more than 2.5 million people pushed over the edge by rising prices.
In doing so he drew attention to an alarming fact: the average Afghan household now spends about 45 percent of income on food, compared with 11 percent in 2006.
This is the new face of hunger, increasingly affecting communities that had previously been protected. And, inevitably, it is the so-called ``bottom billion'' who are hit hardest: people living on one dollar or less a day.
When people are that poor and inflation erodes their meager earnings, they generally do one of two things: they buy less food, or they buy cheaper, less nutritious food.
The end result is the same ― more hunger and less chance of a healthy future. The U.N.'s World Food Program is seeing families who previously could afford a diverse, nutritious diet dropping to one staple and cutting their meals from three to two or one a day.
Experts believe that high food prices are here to stay. Even so, we have the tools and technology to beat hunger and meet the goals of the MDGs. We know what to do. What is required is political will and resources, directed effectively and efficiently.
First, we must meet urgent humanitarian needs. This year, WFP plans to feed 73 million people globally, including as many as 3 million people each day in Darfur.
But to do so, the WFP requires an additional $500 million simply to cover the rise in food costs. (Note: 80 percent of the agency's purchases are made in the developing world.)
Second, we must strengthen U.N. programs to help developing countries deal with hunger. This must include support for safety-net programs to provide social protection, in the face of urgent need, while working on longer-term solutions.
We also need to develop early warning systems to reduce the impact of disasters. School feeding ― at a cost of less than 25 cents a day ― can be a particularly powerful tool.
Third, we must deal with the increasing consequences of weather-related shocks to local agriculture, as well as the long-term consequences of climate change ― for example by building drought and flood defense systems that can help food-insecure communities to cope and adapt.
Lastly, we must boost agricultural production and market efficiency. Roughly a third of food shortages could, to a significant degree, be alleviated by improving local agricultural distribution networks and helping to better connect small farmers to markets.
U.N. agencies such as the Food and Agriculture Organization and the International Fund for Agricultural Development, meanwhile, are working with the African Union and others to promote a ``green revolution'' in Africa by introducing vital science and technologies that offer permanent solutions for hunger.
But that is for the future. In the here and now, we must help the world's hungry hit by rising food prices. That means, for starters, recognizing the urgency of the crisis ― and acting.
Article by UN secretary Ban Ki Moon.....
The first of the Millennium Development Goals (MDG), set by world leaders at the U.N. summit in 2000, aims to reduce the proportion of hungry people by half by 2015.
This was already a major challenge, not least in Africa where many nations have fallen behind. But we now face a perfect storm of new challenges.
The price of basic staples ― wheat, corn, rice ― are at record highs, up 50 percent or more in the last six months. Global food stocks are at historic lows.
The causes range from rising demand in major economies like India and China to climate and weather-related events such as hurricanes, floods and droughts that have devastated harvests in many parts of the world.
High oil prices have increased the cost of transporting food and purchasing fertilizer. Some experts say the rise of biofuels has reduced the amount of food available for humans.
The effects are widely seen. Food riots have erupted in countries from West Africa to South Asia. Communities living in countries where food has to be imported to feed hungry populations are rising up to protest the high cost of living.
Fragile democracies are feeling the pressure of food insecurity. Many governments have issued export bans and price controls on food, distorting markets and presenting challenges to commerce.
In January, to cite but one example, Afghanistan President Hamid Karzai appealed for $77 million to help provide food for more than 2.5 million people pushed over the edge by rising prices.
In doing so he drew attention to an alarming fact: the average Afghan household now spends about 45 percent of income on food, compared with 11 percent in 2006.
This is the new face of hunger, increasingly affecting communities that had previously been protected. And, inevitably, it is the so-called ``bottom billion'' who are hit hardest: people living on one dollar or less a day.
When people are that poor and inflation erodes their meager earnings, they generally do one of two things: they buy less food, or they buy cheaper, less nutritious food.
The end result is the same ― more hunger and less chance of a healthy future. The U.N.'s World Food Program is seeing families who previously could afford a diverse, nutritious diet dropping to one staple and cutting their meals from three to two or one a day.
Experts believe that high food prices are here to stay. Even so, we have the tools and technology to beat hunger and meet the goals of the MDGs. We know what to do. What is required is political will and resources, directed effectively and efficiently.
First, we must meet urgent humanitarian needs. This year, WFP plans to feed 73 million people globally, including as many as 3 million people each day in Darfur.
But to do so, the WFP requires an additional $500 million simply to cover the rise in food costs. (Note: 80 percent of the agency's purchases are made in the developing world.)
Second, we must strengthen U.N. programs to help developing countries deal with hunger. This must include support for safety-net programs to provide social protection, in the face of urgent need, while working on longer-term solutions.
We also need to develop early warning systems to reduce the impact of disasters. School feeding ― at a cost of less than 25 cents a day ― can be a particularly powerful tool.
Third, we must deal with the increasing consequences of weather-related shocks to local agriculture, as well as the long-term consequences of climate change ― for example by building drought and flood defense systems that can help food-insecure communities to cope and adapt.
Lastly, we must boost agricultural production and market efficiency. Roughly a third of food shortages could, to a significant degree, be alleviated by improving local agricultural distribution networks and helping to better connect small farmers to markets.
U.N. agencies such as the Food and Agriculture Organization and the International Fund for Agricultural Development, meanwhile, are working with the African Union and others to promote a ``green revolution'' in Africa by introducing vital science and technologies that offer permanent solutions for hunger.
But that is for the future. In the here and now, we must help the world's hungry hit by rising food prices. That means, for starters, recognizing the urgency of the crisis ― and acting.
Article by UN secretary Ban Ki Moon.....
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