Food and financial crises: Implications for agriculture and the poor
Abstract"High food prices from 2007 through mid-2008 had serious implications for food and nutrition security, macroeconomic stability, and political security. The unfolding global financial crisis and economic slowdown have now pushed food prices to lower levels. Yet the financial crunch has also decreased the availability of capital at a time when accelerated investment in agriculture is urgently needed. The food and financial crises will have strong and long-lasting effects on emerging economies and poor people. A synchronized response is needed to ease the burden on the poor and allow agriculture to face new challenges and respond to new opportunities. Three sets of complementary policy actions should be taken: (1) promote pro-poor agricultural growth, (2) reduce market volatility, and (3) expand social protection and child nutrition action. Agriculture requires strategic investment action, and the food-insecure poor need a bailout now." from Text
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Bibliographic InfoPaper provided by International Food Policy Research Institute (IFPRI) in its series Food policy reports with number 20.
Date of creation: 2008
Date of revision:
food security; Nutrition security; Pro-poor growth; Agricultural growth; Food prices; Social protection; Global financial crises;
This paper has been announced in the following NEP Reports:
- NEP-AGR-2009-01-10 (Agricultural Economics)
- NEP-ALL-2009-01-10 (All new papers)
- NEP-ARA-2009-01-10 (MENA - Middle East & North Africa)
- NEP-DEV-2009-01-10 (Development)
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