Water: The forgotten crisis
Thursday, July 10, 2008 - 12:35
in Mathematics & Economics
This year, the world and, in particular, developing countries and the poor have been hit by both food and energy crises. As a consequence, prices for many staple foods have risen by up to 100%. When we examine the causes of the food crisis, a growing population, changes in trade patterns, urbanization, dietary changes, biofuel production, and climate change and regional droughts are all responsible. Thus we have a classic increase in prices due to high demand and low supply.