Investing in Security to Curb Inflation in the World of Fury
Investing in Security to Curb Inflation in the World of Fury; As the world is engrossed with insecurity, it is now important to invest in security to secure both lives and property at large, if not done; there are repercussions nations will pay
The world economy is currently been overshadowed by inflation, which is partly fueled by insecurity and mindless destruction of lives, properties and investments
Insecurities have affected many nations in all continents including Africa, America, Europe, Asia, and other parts of the world, one striking impart of insecurity is food inflation; prices of foods stuff have skyrocketed with no slowing down anytime soon
While this has caused many nations to change their leaders, others are still finding the best solutions to mitigate its effect on the general populace
Was it perversity this issue longed to be resolved? And what hope lies in secrecy for the poor masses if they were to have a decent life devoid of inflation?
Welcome to investlikeapro, this post will cover the devastating impact of insecurity in some parts of the world, particularly in Africa, Asia, North and South America, and Europe
Problems of Insecurity and Inflation
One devastating impact of insecurity is the rising cost of food prices, which is occasioned by not paying attention to farmers and farming. Many plethoras of studies failed to look into insecurity in agriculture, which is one of the primary reasons some third-world countries are becoming hungry every year
In contest, food inflation in some parts of the world is caused by insecurity in agriculture, a worrisome situation that needs urgent and effective solutions
Many nations have yet to solve the problem of insecurities, some have used the “heavy hand of the military” but the situation only worsens. And since peace cannot be kept by force, it can only achieved by understanding; agricultural investors and farmers are fast losing interest, giving rise to food shortage and rising inflation, hence the topic of discussion came into light
Insecurity in Africa (Nigeria, Somalia, Sudan, Kenya, Libya)
The presence of armed groups, terrorism, and tribal and religious war have contributed to poor investment in Agriculture in Nigeria, Somalia, Sudan, Kenya, Libya, and other nations in Africa
In Nigeria, food inflation is closed to 40%, and one of the reasons for this is insecurity; bandit, herder men Boko haram, and inter-ethnic conflict have scared farmers and investors from the farms, giving rise to food shortage and hunger
The government has yet to address the issue, and prices of the few available foods are grossly inefficient to cater to over 220 million Nigerians
Similar reason is happening in counties like Somalia, Sudan, Kenya, and Libya. Armed groups like jihadists, bandits, herders, and the list is endless
If not addressed, Africa will face severe hunger crisis in the 2027; this is according to UN report on hunger and Poverty reduction programme
Insecurity in Asia (Bangladesh, India, Afghanistan, Pakistan, Syria, Yemen, North Korea etc)
Food insecurity is a global phenomenon, it affects many Asian countries and the most affected countries including Bangladesh, India, Afghanistan, Pakistan, Syria, Yemen, and North Korea to mention but a few
The Asian government are can’t tackle armed groups, like terrorism, drug gangs and others affecting farming activities in their countries, thus making food scare, and skyrocketing inflation
However, countries like China, Japan, South Korea, Malaysia, have made a remarkable and technological breakthrough in food production, this is possible because, there is peace, security and stability
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Insecurity in Europe (Ukraine and Russia)
The ongoing war between Russia and Ukraine has impacted negatively on agriculture, making agricultural produce all-time low
In recent times, Ukraine is said to be one of the largest producers of wheat in the world, since the war broke out, its wheat production capacity has reduced drastically, leading to shortage of wheat globally
Since farmers were not allowed to go about their normal activities due to the war, production of wheat and other crops she has advantage of were lost, prices skyrocketed due to limited supply and large demand
Not until the war is brought to an end, there will be a shortage of wheat and other comparative advantage Russia and Ukraine have regarding agricultural produce
Insecurity in America (North, South and Central America)
Insecurity in agriculture is a global happening, the presence of dangerous drug cartel in Mexico, Nicaragua, Brazil, Haiti, and other American countries have impacted negatively in these nations
Farmers and investors have been driven away by the activities of gangster, and the governments are finding it hard to fight these crimes for the safety of farmers.
Gangsters and drug caters have killed farmers, this has made some farmers and potential ones from farming, and the government could do little-to-nothing to help the situation, thus making food scarce and expensive at the same time
Investing in Security to Curb Inflation in the World of Fury
With the problems listed above, the government, stakeholders and the general public must invest agricultural security and massive food production for the world population.
This can be done in many ways, especially in conflict zones;
- Initiating and Encouraging peace in troubled areas
- Dialogue with aggrieved sects, and other communities
- Increase security operatives and apparatus
- Giving amnesty to militant where necessary
- Education and Educating young minds of the consequences of conflict in food security