The author, in this piece, argues that the agricultural support policies, liberalisation of the agricultural sector by developing countries and contradictions in the design and implementation of GATT/WTO rules, and not just some short term factors, lie at the root of the recent food crisis in developing countries. There is a danger that further pressure on developing countries during the Doha Round may result in an outcome undermining development of the agricultural sector of developing countries further. Therefore, there is a need for a radical change in the trading system, practices of International Financial Institutions (IFIs) and policies of developed countries. While it would not be easy for the developing countries to resist pressures from the developed countries and IFIs, it is, however, necessary for their long-term development and well being of their population.

July 24, 2008.