Financial Times FT.com

Food crisis is a chance to reform global agriculture

By Martin Wolf

Published: April 29 2008 19:42 | Last updated: April 29 2008 19:42

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Of the two crises disturbing the world economy – financial disarray and soaring food prices – the latter is the more disturbing. In many developing countries, the poorest quartile of consumers spends close to three-quarters of its income on food. Inevitably, high prices threaten unrest at best and mass starvation at worst.

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