Abstract

Two crises among the worst experienced since the start of the modern era have signed the global scene by the end of the first decade of the current century. The first was signed by a sudden and dramatic rise of food prices and developed into the second one which was mainly of a financial nature. Food price rises typically erode the purchasing power, in particular of those at the lower end of the income distribution, therefore working as a driver of economic and social inequalities. This paper has assessed the implications of the international food price surge in terms of food availability and access to food in low- and middle-income countries.

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