Market-related

Leaders of the G20 countries met in Hamburg, Germany on July 7-8 for the 2017 G20 Summit Meeting. The meeting covered a multitude of critical topics , including climate change, international trade relations, globalization, poverty and hunger, gender inequity, and inclusive and sustainable economic growth.

While progress has been made in reducing global poverty over the last two decades, about one billion people still live in poverty, according to the latest World Bank estimate. In addition, according to FAO, over 800 million people suffer from hunger, while more than two billion people suffer from macronutrient deficiencies, or “hidden hunger”. IFPRI’s 2016 Global Hunger Index reports that 50 countries continue to have “serious” or “alarming” hunger levels, with the most affected areas in Africa south of the Sahara and South Asia.

Since the 2007-2008 food price crisis, food price volatility has been front and center in the international development conversation. The period of the crisis saw a dramatic rise in the international price of grains and other important commodities, while the years immediately following the crisis saw increasing grain price fluctuations on the international market.

Global trade is a complex, politically charged issue that has important implications for the global food system.

A recent paper in Food Policy, “Do Markets and Trade Help or Hurt the Global Food System Adapt to Climate Change” , investigates whether markets and trade aid or inhibit the global food system ability’s to adapt to climate change. The discussion and themes raised in the paper are based on results collected from a wide variety of sources.

Research shows that the global growth of information and telecommunication technologies (ICTs) has resulted in significant development opportunities, especially in rural areas. ICTs can improve households’ agricultural production and profitability, increase job opportunities, and encourage the adoption of healthier practices and more effective risk management techniques.