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Since Malthus wrote his famous Essay on Population, the world has witnessed great improvements in numerous measures of well–being — life expectancy, infant mortality, incidence of famines and plagues, per capita food consumption as well as real per capita incomes. These improvements have come about during rapid population growth in both industrial and developing countries. Food demand and supply projections suggest that growth of supply will fully meet growth of consumption while grain prices continue to decline. While China may increase grain imports early next century, Central and Eastern Europe is likely to emerge as a major grain exporter and thus help to meet the increase in China’s imports.
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Mar 1, 1997
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