Answer to Question #154111 in Microeconomics for GuardianVex

Question

How to assess future food security: on foresight, forecasting, projecting, predicting and exploring the future

Answer 1

Solution:

Considering the ecological and wellbeing effects of current nourishment structures, feeding over 9 billion people in the future years economically and nutritiously will require appropriate food frameworks to change at an unprecedented speed and scale. This will involve taking suitable actions at the moment, which entails making meaningful choices. Various development avenues will result in future food security challenges to a diverse extent. The future food security can be examined through foresight techniques, which is the ability to predict what will happen or be required in the future, and readjusting needs as per the results identified. Forecasting involves making predictions of the future based on past and present data through analysis of trends. Projecting, predicting, and exploring the future through situation advancement provides useful tools for alternative pathways for adequate food security and evaluating their positive and negative potential ramifications.