I’ve seen large sums of money put in terms of how many times it could solve the world hunger crisis. For example, the defense budget is blank amount which could solve world hunger 5 times over. How do they actually come up with this price? Is there really a permanent way to solve world hunger?

Question

I’ve seen large sums of money put in terms of how many times it could solve the world hunger crisis. For example, the defense budget is blank amount which could solve world hunger 5 times over. How do they actually come up with this price? Is there really a permanent way to solve world hunger?

In: Economics

Answer 1

The biggest problem is there’s only a few places in the world that can actually grow food in sufficient quantities to feed everyone. So, the world hunger problem is mostly a problem of getting it to everyone.

If you can’t grow your own food, you have to buy it from someone who can grow more than they need. But what if you have no way of making money? Then you depend on other people’s ability to be nice to you.