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The State of Food and Agriculture 2002

Agriculture and Global Public Goods Ten Years after the Earth Summit

image of The State of Food and Agriculture 2002

In addition to the usual review of the recent food and agriculture situation, each issue of The State of Food and Agriculture has included one or more special studies of problems of longer-term interest. This year’s edition focuses on agriculture and global public goods ten years after the earth summit.

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Latin America and the Caribbean

The year 2001 has been a period of stagnation, if not outright recession, for most economies in the Latin America and Caribbean region. The difficult external environment, characterized by slow economic growth and unstable financial markets, has combined with internal problems linked to weak domestic demand, macroeconomic disequilibria and political instability in several countries. These factors have translated into a marked reduction in the pace of economic activity in the region, with GDP growth estimated at around 1 percent in 2001, about half the growth rate achieved in 2000.73 Through its depressing effects on wages, employment and, ultimately, effective demand for food, the reduction in economic activity constitutes a major setback from the perspective of food security.

English

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