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IN 2008 MUCH of the developed world was fixated on the global financial crisis, as banks went under and economies collapsed into recession. But in many emerging markets a more fundamental crisis was brewing. From Haiti to Bangladesh, Madagascar to Egypt, local populations were rioting over the rapidly rising cost of food. Much like the debt crisis in the west, this is a crisis that three years later has not been solved. And much like the debt crisis, high-level policy decisions by governments and rich institutions have made the food crisis worse, not better.
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