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High Food Prices in Asia-Pacific: Policy Initiatives in view of Supply Uncertainty and Price Volatility

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  • Clovis Freire

    ()
    (Macroeconomic Policy and Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

  • Aynul Hasan

    ()
    (Chief, Development Policy Section, Macroeconomic Policy and Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

  • M. Hussain Malik

    ()
    (Economic Affairs Officer, Development Policy Section, Macroeconomic Policy and Development Division, United Nations Economic and Social Commission for Asia and the Pacific)

Abstract

High food prices have put increasing inflationary pressures across the Asia-Pacific region and threatened food security. Bad weather in important food-producing countries and speculation in commodity markets have affected global food supplies and added volatility to booming commodity markets that have been fueled in the long-term by increasing global demand. High food prices have threatened to slowdown economic growth, poverty reduction and inclusive sustainable development throughout the region. Countries of the region have taken various measures to address the risk of adverse effects caused by high international food prices. This paper outlines policy responses and interventions that governments in the region can make to counter the adverse impact of food inflation.

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Paper provided by United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in its series MPDD Working Paper Series with number WP/12/01.

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Handle: RePEc:unt:wpmpdd:wp/12/01

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Related research

Keywords: Food Prices; Inflation; Commodity; Food Security; Poverty Reduction; Food Policy; Economic Growth;

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References

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  1. Williamson, Jeffrey G., 2011. "Trade and Poverty: When the Third World Fell Behind," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262015158, December.
  2. Jeffrey G. Williamson, 2011. "Trade and Poverty: When the Third World Fell Behind," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262015153, December.
  3. Clovis Freire & Alberto Isgut, . "High Food and Oil Prices and Their Impact on the Achievement of MDG 1 in Asia and the Pacific," MPDD Working Paper Series WP/11/18, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
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