1. Global Food Problems: A quick overview and economic perspective In today’s world do we still have famines and starvation? What is chronic malnutrition and where does it occur? Is there an economic framework for assessing risk? Are there economic benefits of food security and nutritional wellbeing?

2. Starvation Where? Why? Why not?

3. Chronic malnutrition Types How many? Where?

4. Food Security is an economic concept Food security is “access by all people at all times to enough food for an active, healthy life.” Reutlinger et al. 1986 {HH food consumption needs – HH food production} x Price of food ≤ Income and liquid assets available to purchase food – Global food supply and demand determine price

5. There are economic -- in addition to humanitarian –benefits of food security Enhanced physiological capital is a major source of economic growth (Robert Fogel) – Due to improvements in nutrition and sanitation – Thermodynamic effect: more calories mean more workers, and more intense effort – Physiological effect: more efficient conversion of energy into work output