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The financial crisis and its impacts on global agriculture

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  • Justin Yifu Lin
  • Will Martin

Abstract

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration, and remittances. For most low‐income countries, shocks that affect food prices or wage rates for unskilled workers seem likely to have the biggest impact on poverty, with the declines in key food prices associated with the crisis helping to reduce poverty. Policies to address the crisis must include measures to deal with: financial sector problems; the resulting reductions in aggregate demand; and the particular vulnerabilities of poor people.

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  • Justin Yifu Lin & Will Martin, 2010. "The financial crisis and its impacts on global agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 133-144, November.
    • Handle: RePEc:bla:agecon:v:41:y:2010:i:s1:p:133-144
    DOI: 10.1111/j.1574-0862.2010.00495.x
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    2. Canova, Natalia P. & Hickey, Gordon M., 2012. "Understanding the impacts of the 2007–08 Global Financial Crisis on sustainable forest management in the Brazilian Amazon: A case study," Ecological Economics, Elsevier, vol. 83(C), pages 19-31.
    3. Šalomon, Tanja & Meško, Maja, 2015. "Impact of Management Ethics on Payment Discipline," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2015), Kotor, Montengero, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Kotor, Montengero, 10-11 September 2015, pages 151-158, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    4. Derek Headey & Sangeetha Malaiyandi & Shenggen Fan, 2010. "Navigating the perfect storm: reflections on the food, energy, and financial crises," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 217-228, November.
    5. Yaya Koloma & Francis H. Kemeze, 2022. "COVID‐19 and perceived effects on agricultural financing in Africa: Evidence and policy implications," African Development Review, African Development Bank, vol. 34(S1), pages 63-79, July.
    6. Wana, Chayoot & Andreosso-O'Callaghan, Bernadette, 2017. "Global Financial and Food Price Crisis: A Double Shock on ASEAN Food Security," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 14(1), June.
    7. Teng, Paul & Montesclaros, Jose Ma Luis, 2023. "Agricultural Transformation for Small (Island and Developing) States," Asian Journal of Agriculture and Development, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), vol. 20(1), June.

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