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Amartya Sen, who received the Nobel Prize in economics in 1998, has said that the present global food crisis will eventually end. Senator questions whether the food crisis that is menacing the lives of millions will ease up - or grow worse over time. According to Sen, the answer may be both.
"The recent rise in food prices has largely been caused by temporary problems like drought in Australia, Ukraine and elsewhere. Though the need for huge rescue operations is urgent, the present acute crisis will eventually end. But underlying it is a basic problem that will only intensify unless we recognise it and try to remedy it."

Copyright Business Recorder, 2008

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