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Reflections on food crises past

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  • Timmer, C. Peter

Abstract

World food crises are relatively rare events, occurring roughly three times a century. But they also tend to be regular events, every three decades or so, suggesting there is an underlying cyclical cause. If so, far-sighted donor and government investments in raising agricultural productivity, and policies on behalf of stable food production and prices, might go a long way to preventing food crises in the future. Preventing food crises rather than trying to cope after the fact with their impact on the poor is the only way to avoid substantial, perhaps permanent, damage to the welfare of poor households. Lessons from the world food crises in 1972/73 and in 2007/08, especially lessons from how the world rice market functioned, point the way toward improved food policy management at national and international levels in the future.

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Bibliographic Info

Article provided by Elsevier in its journal Food Policy.

Volume (Year): 35 (2010)
Issue (Month): 1 (February)
Pages: 1-11

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Handle: RePEc:eee:jfpoli:v:35:y:2010:i:1:p:1-11

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Web page: http://www.elsevier.com/locate/foodpol

Related research

Keywords: Food crisis Rice market Price stabilization Export ban;

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Cited by:
  1. Mehta, Aashish & Jha, Shikha, 2012. "Corruption, food subsidies, and opacity: Evidence from the Philippines," Economics Letters, Elsevier, vol. 117(3), pages 708-711.
  2. Dorosh, Paul A. & Rashid, Shahidur, 2013. "Trade subsidies, export bans and price stabilization: Lessons of Bangladesh–India rice trade in the 2000s," Food Policy, Elsevier, vol. 41(C), pages 103-111.
  3. Headey, Derek, 2011. "Rethinking the global food crisis: The role of trade shocks," Food Policy, Elsevier, vol. 36(2), pages 136-146, April.
  4. Cullen S. Hendrix, 2011. "Markets vs. Malthus: Food Security and the Global Economy," Policy Briefs PB11-12, Peterson Institute for International Economics.
  5. Manoj Roy & Ferdous Jahan & David Hulme, 2012. "Community and institutional responses to the challenges facing poor urban people in Khulna, Bangladesh in an era of climate change," Brooks World Poverty Institute Working Paper Series 16312, BWPI, The University of Manchester.
  6. Dorward, Andrew, 2013. "Agricultural labour productivity, food prices and sustainable development impacts and indicators," Food Policy, Elsevier, vol. 39(C), pages 40-50.
  7. Emiliano Magrini & Ayca Donmez, 2013. "Agricultural Commodity Price Volatility and Its Macroeconomic Determinants: A GARCH-MIDAS Approach," JRC-IPTS Working Papers JRC84138, Institute for Prospective and Technological Studies, Joint Research Centre.
  8. World Bank, 2012. "Responding to Higher and More Volatile World Food Prices," World Bank Other Operational Studies 12950, The World Bank.
  9. Gentilini, Ugo & Omamo, Steven Were, 2011. "Social protection 2.0: Exploring issues, evidence and debates in a globalizing world," Food Policy, Elsevier, vol. 36(3), pages 329-340, June.
  10. Christophe Gouel, 2011. "Instabilité des prix agricoles et politiques optimales de stabilisation," Working Papers 246504, Institut National de la Recherche Agronomique, France.
  11. Mehta, Aashish & Jha, Shikha, 2014. "Pilferage from opaque food subsidy programs: Theory and evidence," Food Policy, Elsevier, vol. 45(C), pages 69-79.
  12. Raghav Gaiha1 & Nidhi Kaicker & Katsushi Imai & Vani S. Kulkarni & Ganesh Thapa International Fund for Agricultural Development, Rome, 2012. "Dietary Shift and Diet Quality in India: An Analysis Based on 50th, 61st and 66th Rounds of NSS," ASARC Working Papers 2012-17, The Australian National University, Australia South Asia Research Centre.
  13. Raghav Gaiha & Nidhi Kaicker & Katsushi S. Imai & Vani S. Kulkarni & Ganesh Thapa, 2012. "Diet Diversification and Diet Quality in India: An Analysis," Discussion Paper Series DP2012-30, Research Institute for Economics & Business Administration, Kobe University.
  14. Pedro Conceição & Sebastian Levine & Zuzana Brixiova, 2011. "The Food Price Spikes of 2008/09 and 2010/11: Impacts and Policies in African Countries," Working Papers 2011-003, United Nations Development Programme, Regional Bureau for Africa (UNDP/RBA).
  15. Brooks, Douglas & Ferrarini, Benno & Go, Eugenia, 2013. "Bilateral Trade and Food Security," ADB Economics Working Paper Series 367, Asian Development Bank.

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