The cost to end world hunger…
—$30 billion per year is needed to end world hunger.
—$660 billion per year is the amount Congress spends on Defense.
How much does it cost to solve world hunger?
World hunger can be eradicated. A price has been set and estimated by the United Nations to solve this crisis of food shortage by focusing on agricultural development.
The cost to end world hunger is $30 billion a year. It may seem like a large sum of money, but when compared to the funds that the U.S. spends on military defense - $737 billion in 2012, $30 billion seems more attainable. The $30 billion expense is manageable, especially when the U.S. would be joined by other investors in global poverty, but it has the capacity to be the leader.
An article published in the Los Angeles Times in 2008 states that providing a substantial amount of money directed towards agricultural seeds could result in high-yields and trigger a second Green Revolution.
Helping the world’s poor is not merely the right and moral thing to do; it also benefits the business community. Businesses have already thought of a solution: public-private partnerships. The business community has to work with the government to sustain agricultural development in poor countries to better tackle the problems that businesses face abroad in these under-developed and developing nations. Not only would these funds increase food but they would ensure that food prices are affordable, and that is especially important now since food prices have risen due to climate change and rising energy costs.
Aside from businesses and the economy benefiting, tackling hunger crises builds up a better image for the United States as a “humanitarian superpower.” Thus, the United States’ involvement in humanitarian projects would present more American corporations as “respectful partners” within the global community.
The United States Agency for International Development (USAID) has allied with corporate sponsors to attack global development. USAID works “with the Schaffer Global Group on a factory in Mali, with Heinz to help Egyptian tomato farmers and with Coca-Cola on clean water projects in a dozen countries.”
Much is being done, but the U.S. can do more. In a 2008 report, USAID is reported to have have only invested only $2 billion since 2001. 870 million people are under-nourished and we have the potential to end their hunger.
- Leen Abdallah