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The Financial Crisis and Its Impact on the Global Agricultural Landscape

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  • Lin, Justin Yifu
  • Martin, William J.

Abstract

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices and reductions in investment, trade, migration and remittances. Some also see the recent food price crisis as a strongly related phenomenon. For most low income countries, shocks that affect food prices or wage rates for unskilled workers seem likely to have the biggest impact on poverty. Policies to address the crisis must include measures: to deal with financial sector problems; the resulting reductions in aggregate demand; and the particular vulnerabilities of poor people.

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Bibliographic Info

Paper provided by International Association of Agricultural Economists in its series 2009 Conference, August 16-22, 2009, Beijing, China with number 53208.

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Date of creation: 2009
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Handle: RePEc:ags:iaae09:53208

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Web page: http://www.iaae-agecon.org/
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Keywords: Financial Economics;

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  1. Zhai, Fan & Hertel, Thomas & Wang, Zhi, 2003. "Labor Market Distortions, Rural-Urban Inequality and the Opening of China’s Economy," GTAP Working Papers 1323, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
  2. Khandker, Shahidur R. & Barnes, Douglas F. & Samad, Hussain A., 2009. "Welfare impacts of rural electrification : a case study from Bangladesh," Policy Research Working Paper Series 4859, The World Bank.
  3. Warwick J McKibbin & Will Martin, 1998. "The East Asian Crisis: Investigating Causes and Policy Responses," Departmental Working Papers 1998-06, The Australian National University, Arndt-Corden Department of Economics.
  4. Elena Ianchovichina & Maros Ivanic & Will Martin, 2009. "Implications Of The Growth Of China And India For The Middle East," Middle East Development Journal (MEDJ), World Scientific Publishing Co. Pte. Ltd., vol. 1(01), pages 79-103.
  5. Wright, Brian, 2009. "International grain reserves and other instruments to address volatility in grain markets," Policy Research Working Paper Series 5028, The World Bank.
  6. Juan Pablo Medina & Pablo García, 2009. "A Simple Global Perspective on the US Slowdown, Boom-Bust Cycles and the Rise of Protectionism," Working Papers Central Bank of Chile 529, Central Bank of Chile.
  7. McKibbin, Warwick J. & Stoeckel, Andrew, 2009. "The potential impact of the global financial crisis on world trade," Policy Research Working Paper Series 5134, The World Bank.
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