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Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure

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  • Ali Dini

    (Institute for Trade Studies and Research - Tehran)

  • Victor Lippit

    ()
    (Department of Economics, University of California Riverside)

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    Abstract

    The relationship among payment style of subsidies, economic growth and poverty is a matter of challenge among economists and policy makers. Neoliberal Institutional Structure in framework of what is called “Washington Consensus†and “structural adjustment policies and economic stabilization†argues on economic advantages of removing food general subsidies so necessity of replacing a most liberalized food markets with regulated food security policy. This paper gives a historical background of this approach and criticizes it’s policy recommendation and shows following it has led to a deep crisis in global food market in 2007 with sharply rising of poverty and dying of some people around the world due to lacking of access to food.

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    File URL: http://economics.ucr.edu/repec/ucr/wpaper/09-12.pdf
    File Function: First version, 2009
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    Bibliographic Info

    Paper provided by University of California at Riverside, Department of Economics in its series Working Papers with number 200912.

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    Length: 14 pages
    Date of creation: Oct 2009
    Date of revision: Oct 2009
    Handle: RePEc:ucr:wpaper:200912

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    Keywords: Subsidies; adjustment and stabilization policies; poverty; food Crisis;

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