Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure
AbstractThe 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 â€œWashington Consensusâ€ and â€œstructural adjustment policies and economic stabilizationâ€ 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 itâ€™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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Bibliographic InfoPaper provided by University of California at Riverside, Department of Economics in its series Working Papers with number 200912.
Length: 14 pages
Date of creation: Oct 2009
Date of revision: Oct 2009
Subsidies; adjustment and stabilization policies; poverty; food Crisis;
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- I32 - Health, Education, and Welfare - - Welfare and Poverty - - - Measurement and Analysis of Poverty
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