Out of the 7 billion people of Earth, 1 billion are malnourished – and that is not because there is a shortage of food in the world, if fact there is enough food to feed the entire world population.
However, much of the global food system is monopolized by the U.S. and the global North, which means that many developing nations are required to import much of their food, even if they are located on fertile lands.
With American farmers subsidized, many farmers in developing nations are unable to compete with the U.S.’s prices, so they instead choose to grow things such as cotton which are more profitable.
Any changes in the global food market are especially volatile and dangerous in the developing world since they mostly depend on industrialized nations for their crop imports. That is why, in times like this when there is drought, or a rise in fuel prices, or futures sell at a higher value – then it often leads to food insecurity and famine in the global South because they are unable to afford the higher cost of food…(continue reading)