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National Policy Responses to High Food Prices

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Author Info
Jamie Morrison
George Rapsomanikis
Alexander Sarris
Ramesh Sharma
Abstract

The prices of many staple food commodities have increased substantially over the past year. As a result, many developing countries are facing larger food import bills. The cereal import bill of the world’s poorest countries is forecast to rise by 56 percent in 2007/08, following an already significant increase of 37 percent in 2006/07. Given the growing dependency of many developing countries on imported food commodities and on foreign aid, as well as their generally high levels of debt, increasing food prices have important implications for growth and development.

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File URL: http://www.fao.org/economic/es-policybriefs/detail/en/?uid=21524
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Publisher Info
Paper provided by Economic and Social Development Department of the Food and Agriculture Organization of the United Nations (FAO) in its series FAO - Economic and Social Perspectives with number 1.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 4 pages
Date of creation: 2008
Date of revision:
Handle: RePEc:fao:pbrief:01en

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Postal: Economic and Social Development Department FAO Viale delle Terme di Caracalla 00153 Rome Italy
Phone: +39(6) 57051
Fax: +39 06 57055522
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Web page: http://www.fao.org/economic/en/
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Related research
Keywords: food prices; food crisis; price shock; FAO; commodities; staple food;

Find related papers by JEL classification:
F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
F54 - International Economics - - International Relations and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
O13 - Economic Development, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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This page was last updated on 2009-12-1.

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