Business Intelligence

Revisiting The Global Food Architecture: Lessons From The 2008 Food Crisis

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Executive Summary

The 2008 episode of food price explosion, political turmoil, and human suffering revealed important flaws in the current global food architecture. In 2008, the world saw food prices explode, causing havoc in developed and developing countries alike. Poor people were hit especially hard1 and many more became poor. Malnutrition among pre-schoolers rose and children dropped out of school early, rendering the damage long lasting. World food prices have come down since, and the attention has shifted to staving off worldwide depression. Nonetheless, the 2008 bumper harvest and the subsequent decline in world food prices have only provided temporary relief.

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