Data response (2)
Read the article Africa: Higher and Volatile Food Prices and Poor Rural People and then answer the questions below.
Prior to answering this question you might want to check Section 4.1 on Organizations to find a little more about International Fund for Agricultural Development (IFAD).
Distinguish between the terms: foreign aid and multilateral development assistance.
Using supply and demand diagrams, explain why the prices of primary commodities are both increasing and volatile.
Explain how commodity price changes affect consumers and producers in the developing world.
To what extent will the assistance being offered by the International Fund for Agricultural Development help solve the problems associated with price volatility?