Russia’s invasion of Ukraine, which pits two of the world’s major wheat and corn producers against one another, has deep implications for several grain-importing countries. Grain prices had already risen steadily over the past year due to pandemic-related supply chain disruptions and increasing energy prices. The war further pushed these prices to an all-time high in February, seriously rattling an already shaky global food system. While some commentators are calling for trade measures that would facilitate alternate sources of grain exports to make up for the shortfalls, what is really needed is a major rethink of the conventional food security [...]
Economics & Business
Almost exactly 75 years ago, on March 12, 1947, then-President Harry S. Truman, alarmed by Soviet aggression in the Eastern Mediterranean and its efforts to undermine war-ravaged democracies in Western Europe, announced a dramatic reorientation of the United States’ national security policy. Addressing a joint session of Congress, he committed the U.S. to a new global mission to contain the Soviet Union by “support[ing] free peoples who are resisting attempted subjugation by armed minorities or outside pressures.” The speech set off a 15-week frenzy of diplomatic activity that culminated on June 5 with the proposal of the Marshall Plan. This new grand strategy—now known as [...]
In late February, the Intergovernmental Panel on Climate Change, or IPCC, released its most recent report, summing up the latest research on how climate change is affecting ecosystems as well as the effectiveness of the various climate adaptation measures governments across the world have enacted so far. On the latter score, the report concludes that the current pace of adaption is insufficient and finds that the measures being implemented are not holistic enough to address the major climate challenges the world faces. According to the report, some of climate change’s impacts on the natural world and human societies are now considered [...]