Can Food Prices Be Stabilized?
Under French President Nicolas Sarkozy’s leadership, the G-20 has made addressing food-price volatility a top priority, with member states’ agriculture ministers meeting recently in Paris to come up with solutions. But the G-20 should steer clear of policies that have been shown to do more harm than good.
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CAMBRIDGE – Under French President Nicolas Sarkozy’s leadership, the G-20 has made addressing food-price volatility a top priority this year, with member states’ agriculture ministers meeting recently in Paris to come up with solutions. Small wonder: world food prices reached a record high earlier in the year, recalling a similar price spike in 2008.