The Financial Crisis and Its Impact on the Global Agricultural Landscape
AbstractThe 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 InfoPaper provided by International Association of Agricultural Economists in its series 2009 Conference, August 16-22, 2009, Beijing, China with number 53208.
Date of creation: 2009
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