World Grain - May 2016 - (Page 6)

FROM THE EDITOR-IN-CHIEF Keys to poorer nations' prosperity I n seeking insights into general economic trends that drive or hinder demand for grain-based foods, globalization emerges as a more powerful force than might have been thought. In the not so distant past, globalization, meaning the spread of trade and accompanying knowledge, was seen as advantageous for developed nations engaged in making developing countries dependent markets. Now, it turns out that developing countries may have been equal if not supeULRUSDUWQHUVLQEHQH¿WLQJIURPWKHVHHIIRUWV Results have transformed regions once regarded as facing hunger into places of rising prosperity, while advanced countries increasingly complain of income inequality. Writing in Foreign Affairs on similar issues, Ronald Inglehart, professor of political science at the University of Michigan, said, "Globalization is enabling half of the world's population to escape subsistence-level poverty but weakening the bargaining position of workers in developed countries." That sentence is meant to explain the very different world that has emerged. According to Professor Inglehart, market forces are bolstering these very trends that will be changed only if politics in developed nations brings about changes not just in how globalization works to disadvantage the major share of their populations, but to embrace income redistribution. The latter, controversially, would shift income from the richest sector, often the top 1%, to improve income of the greater number. Putting aside what might be done in the developed nations to shift incomes among various segments, it is remarkable to examine how what once was regarded as the awful plight of the poorest nations has improved. Indeed, the greatly better status of the world's poorest nations has been largely overlooked in a world where news media focus primarily on setbacks in preference to forward steps. Following is a summary of what has occurred since the start of the 1990s written by Steven Radelet, a senior fellow at the Brookings Institution: "One billion people have escaped extreme poverty, average incomes have doubled, infant 6 death rates have plummeted, millions more girls have enrolled in school, chronic hunger has been cut almost in half, deaths from malaria and other diseases have declined dramatically, democracy has spread far and wide, and the incidence of war has fallen by half." While every one of these changes has had a tremendous impact on demand for food, especially grain-based foods, it is rising prosperity that has driven the number of people living on less than $1.90 per day to fewer than 1 billion from more than 2 billion in the early 1990s. More than 60 nations reducing the shares of their populations counted as impoverished made this happen. Fast economic growth explains the rapidity of this change in the quality of life in many nations, which in turn has spurred the gains in per capita consumption of grain-based foods across many of these countries. Sure, China is the main factor behind this global transformation, but many other countries registered similar, if not superior, growth. Whether the momentum of these changes has any chance of continuing is the primary question debated today. After all, there's nothing to guarantee that forces similar to those accounting for the economic progress of the past several decades will repeat. Ending the &ROG:DULVDIRUFHZKRVHLQÀXHQFHLVZDQing in allowing nations once on one side or the other to exercise independence. Globalization, as noted, has created negatives for developed nations and thus may be cut back by political pressures to the disadvantage of poorer countries. New leaders, a third important force, have often focused on speeding economic progress. While they have helped in spurring past growth, the outlook for the future in this regard is far from certain. It also is apparent that developed counWULHV EHQH¿W IURP UDSLG HFRQRPLF SURJUHVV by poorer nations, if for no reason other than that the newly prosperous make good political partners. The promise created for grainbased foods is also a powerful positive that should remain an enduring force. Morton I. 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Table of Contents for the Digital Edition of World Grain - May 2016

World Grain - May 2016
Table of Contents
From the Editor-in-chief - Keys to poorer nations’ prosperity
Calendar of Events
AGIC 2016 is July 25-27 in Australia
News Review - Olam breaks ground on Nigerian feed, poultry complex
Nidera appoints new CEO
Scoular searches for new CEO
CHS’ earnings down on reduced commodity prices
ADM begins expansion at Brazilian port
E.U.-28 grain production forecast to meet five-year record
NCSP’s cargo turnover increases in first three months
Gavilon seeks expansion in the U.S.
VICTAM appoints new GM
Cargill profit rises in face of difficult market conditions
Olam secures financing for flour, food processing facilities in Nigeria, India
General Mills to upgrade New York facility
Dangote making changes to flour mill business
CBH’s New Albany site close to completion
Glencore sells 40% stake in agricultural unit
Per capita U.S. flour use dips to lowest level in 18 years
Brazil’s 2016-17 corn production forecast to be a record
Grain Market Review - Coarse grains
Country Focus - Kazakhstan
TECHNICAL PROFILE - Flat bread in Kazakhstan
FEATURE - Realizing innovation’s Opportunities
FEATURE - Time for government intervention?
FEATURE - 2016 IAOM Conference & Expo
CIGI CEO says milling industry must better promote its products
FEATURE - Reforms boost Argentine grain industry
FEATURE - Mid-latitude drying in 2016-17
FEATURE - European supplier profiles
TECHNICAL PROFILE - Durum wheat debranding study

World Grain - May 2016