Addressing the food crisis: governance, market functioning, and investment in public goods

The 2007-08 food price crisis has not only increased food insecurity around the globe, but also exposed long-term failures in the functioning of the world food system. Establishing a global governance architecture for governing food, nutrition, and agriculture as well as improving market functioning and increasing investment in public goods will be critical for the way forward. Three high-priority policy actions are necessary to cope with urgent needs for food and nutrition security and at the same time build a stronger food system that can respond to future challenges: (1) improve productivity and scale up research investments; (2) expand nutrition and social protection, (3) strengthen markets and trade.