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Economic Brief - The Political Economy of Food Security in North Africa

19-Nov-2012

2007/08 witnessed a serious global food price shock. In 2007 and the first half of 2008 global food prices escalated. From March 2007 to March 2008 wheat prices around the globe rose on average 130%. Energy and commodity prices fell in the latter part of 2008 due to a weakening global economy, but food prices again hit record levels in the first half of 2011 and are predicted to remain high for the foreseeable future (FAO 2008, World Bank 2008 and 2009, Oxfam 2011). This shock refocused the attention of many countries on the issue of food security, and the North Africa region, consisting of Egypt, Libya, Tunisia, Algeria, Morocco and Mauritania1 , was no exception.

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