Food Price Policy in an Era of Market Instability: A Political Economy Analysis

Food price volatility is one of the major challenges facing the global agricultural system today. This was most vividly illustrated during the global food crisis of 2007–9 when price spikes occurred for key staple food commodities—such as wheat, rice, maize, and soybeans. Given the variety of reacti...

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Jazyk:angličtina
Vydáno: Oxford University Press 2021
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On-line přístup:617900
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collection Directory of Open Access Books
description Food price volatility is one of the major challenges facing the global agricultural system today. This was most vividly illustrated during the global food crisis of 2007–9 when price spikes occurred for key staple food commodities—such as wheat, rice, maize, and soybeans. Given the variety of reactions by governments of countries experiencing similar food price shocks, the 2007–9 crisis offered an excellent natural experiment for generating knowledge on responses to price volatility in particular and on the political economy of agricultural policy-making more generally. This book contains the wealth of collaborative research by a global team of experts on food price policy—the research was undertaken on a sizeable group of low- and middle-income countries that were highly affected by the 2007–9 food crisis. The central aim of the study is to uncover which political economy factors—ranging from the constellation of different interest groups to the nature of political institutions—explain variations in policy responses across countries. The research output proves valuable for at least three target audiences. First, it can inform international organizations and donors about which types of policy interventions can mitigate price volatility and whether they are feasible given a country’s political economy context. Second, it can help national policy makers better understand the trade-offs of certain policy interventions. Third, it generates much-needed further knowledge about the agricultural policy-making process in developing countries, which remains incredibly scarce despite the importance of agriculture to these countries’ economies.
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spelling doab-20.500.12854ir-266032025-07-30T08:59:16Z Food Price Policy in an Era of Market Instability: A Political Economy Analysis Pinstrup-Andersen, Per food price volatility staple food commodities global agricultural system developing countries policy intervention 2007–08 world food price crisis Food security Maize Wheat thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics thema EDItEUR::K Economics, Finance, Business and Management thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics Food price volatility is one of the major challenges facing the global agricultural system today. This was most vividly illustrated during the global food crisis of 2007–9 when price spikes occurred for key staple food commodities—such as wheat, rice, maize, and soybeans. Given the variety of reactions by governments of countries experiencing similar food price shocks, the 2007–9 crisis offered an excellent natural experiment for generating knowledge on responses to price volatility in particular and on the political economy of agricultural policy-making more generally. This book contains the wealth of collaborative research by a global team of experts on food price policy—the research was undertaken on a sizeable group of low- and middle-income countries that were highly affected by the 2007–9 food crisis. The central aim of the study is to uncover which political economy factors—ranging from the constellation of different interest groups to the nature of political institutions—explain variations in policy responses across countries. The research output proves valuable for at least three target audiences. First, it can inform international organizations and donors about which types of policy interventions can mitigate price volatility and whether they are feasible given a country’s political economy context. Second, it can help national policy makers better understand the trade-offs of certain policy interventions. Third, it generates much-needed further knowledge about the agricultural policy-making process in developing countries, which remains incredibly scarce despite the importance of agriculture to these countries’ economies. 2021-02-10T12:58:18Z 2016-12-31 23:55:55 2018-10-03 09:09:28 2020-04-01T13:57:54Z 2016 book 617900 OCN: 972078631 http://library.oapen.org/handle/20.500.12657/32080 9780198718574 https://directory.doabooks.org/handle/20.500.12854/26603 eng WIDER Studies in Development Economics open access image/jpeg image/jpeg image/jpeg image/jpeg image/jpeg n/a n/a n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/32080/1/617900.pdf https://library.oapen.org/bitstream/20.500.12657/32080/1/617900.pdf https://library.oapen.org/bitstream/20.500.12657/32080/1/617900.pdf https://library.oapen.org/bitstream/20.500.12657/32080/1/617900.pdf https://library.oapen.org/bitstream/20.500.12657/32080/1/617900.pdf Oxford University Press 10.1093/acprof:oso/9780198718574.001.0001 10.1093/acprof:oso/9780198718574.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 UNU WIDER 9780198718574 544 Oxford, UK open access
spellingShingle food price volatility
staple food commodities
global agricultural system
developing countries
policy intervention
2007–08 world food price crisis
Food security
Maize
Wheat
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title_full Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title_fullStr Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title_full_unstemmed Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title_short Food Price Policy in an Era of Market Instability: A Political Economy Analysis
title_sort food price policy in an era of market instability a political economy analysis
topic food price volatility
staple food commodities
global agricultural system
developing countries
policy intervention
2007–08 world food price crisis
Food security
Maize
Wheat
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
topic_facet food price volatility
staple food commodities
global agricultural system
developing countries
policy intervention
2007–08 world food price crisis
Food security
Maize
Wheat
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
thema EDItEUR::K Economics, Finance, Business and Management
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies
thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVG Environmental economics
url 617900