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Food and financial crises: Implications for agriculture and the poor


  • von Braun, Joachim


"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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  • von Braun, Joachim, 2008. "Food and financial crises: Implications for agriculture and the poor," Food policy reports 20, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:fprepo:20

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    1. Quisumbing, Agnes & Meinzen-Dick, Ruth Suseela & Bassett, Lucy & Usnick, Michael & Pandolfelli, Lauren & Morden, Cheryl & Alderman, Harold, 2008. "Helping women respond to the global food price crisis:," Policy briefs 7, International Food Policy Research Institute (IFPRI).
    2. von Braun, Joachim & Pandya-Lorch, Rajul, 2007. "Taking action for the world's poor and hungry people: Synopsis of an international consultation," IFPRI books, International Food Policy Research Institute (IFPRI), number 9780896296572, Winter.
    3. Benson, Todd & Minot, Nicholas & Pender, John & Robles, Miguel & von Braun, Joachim, 2008. "Global food crises: Monitoring and assessing impact to inform policy responses," Food policy reports 19, International Food Policy Research Institute (IFPRI).
    4. von Braun, Joachim & Ahmed, Akhter & Asenso-Okyere, Kwadwo & Fan, Shenggen & Gulati, Ashok & Hoddinott, John & Pandya-Lorch, Rajul & Rosegrant, Mark W. & Ruel, Marie & Torero, Maximo & van Rheenen, Te, 2008. "High food prices: The what, who, and how of proposed policy actions [In Chinese]," Policy briefs 1A CH, International Food Policy Research Institute (IFPRI).
    5. von Braun, Joachim & Fan, Shenggen & Meinzen-Dick, Ruth & Rosegrant, Mark W. & Pratt, Alejandro Nin, 2008. "International agricultural research for food security, poverty reduction, and the environment: What to expect from scaling up CGIAR investments and “Best Bet” programs," Issue briefs 53, International Food Policy Research Institute (IFPRI).
    6. von Braun, Joachim & Ahmed, Akhter & Asenso-Okyere, Kwadwo & Fan, Shenggen & Gulati, Ashok & Hoddinott, John & Pandya-Lorch, Rajul & Rosegrant, Mark W. & Ruel, Marie & Torero, Maximo & van Rheenen, Te, 2008. "High food prices: The what, who, and how of proposed policy actions," Policy briefs 1A, International Food Policy Research Institute (IFPRI).
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    Cited by:

    1. Brian D. Wright, 2012. "International Grain Reserves And Other Instruments to Address Volatility in Grain Markets," World Bank Research Observer, World Bank Group, vol. 27(2), pages 222-260, August.
    2. Mason, Nicole M. & Jayne, T.S. & Chapoto, Antony & Donovan, Cynthia, 2011. "Putting the 2007/2008 global food crisis in longer-term perspective: Trends in staple food affordability in urban Zambia and Kenya," Food Policy, Elsevier, vol. 36(3), pages 350-367, June.
    3. -, 2009. "The outlook for agriculture and rural development in the Americas: a perspective on Latin America and the Caribbean, 2009," Coediciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1379 edited by Iica, September.
    4. Johnston, Robyn M. & Hoanh, Chu Thai & Lacombe, Guillaume & Noble, Andrew D. & Smakhtin, Vladimir & Suhardiman, Diana & Kam, Suan Pheng & Choo, P. S, 2009. "Scoping study on natural resources and climate change in Southeast Asia with a focus on agriculture. Final report," IWMI Research Reports H042414, International Water Management Institute.
    5. Michael Herrmann, 2009. "Food Security And Agricultural Development In Times Of High Commodity Prices," UNCTAD Discussion Papers 196, United Nations Conference on Trade and Development.
    6. Yamauchi, Futoshi & Dewina, Reno, 2012. "Risks and spatial connectivity evidence from food price crisis in rural Indonesia," Food Policy, Elsevier, vol. 37(4), pages 383-389.
    7. repec:oup:apecpp:v:38:y:2016:i:4:p:563-577. is not listed on IDEAS
    8. Vu, Linh & Glewwe, Paul, 2011. "Impacts of Rising Food Prices on Poverty and Welfare in Vietnam," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(1), April.
    9. Minot, Nicholas & Chemingui, Mohamed Abdelbasset & Thomas, Marcelle & Dewina, Reno & Orden, David, 2010. "Trade liberalization and poverty in the Middle East and North Africa:," Research reports Nicholas Minot, et al., International Food Policy Research Institute (IFPRI).
    10. [WEF] World Economic Forum, 2016. "The Global Risks Report 2016: 11th Edition," Working Papers id:10737, eSocialSciences.
    11. Woolverton, Andrea E. & Kiawu, James, 2009. "Policy Responses to 2008 High Food Prices: Domestic Incentives and Global Implications," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 104506, Agricultural and Applied Economics Association.
    12. Gentilini, Ugo & Omamo, Steven Were, 2011. "Social protection 2.0: Exploring issues, evidence and debates in a globalizing world," Food Policy, Elsevier, vol. 36(3), pages 329-340, June.
    13. Giorgia Giovannetti & Elisa Ticci, 2013. "Foreign Direct Investment in Sub-Saharan Africa: Drivers and the Challenge of the Land-Energy Nexus," Working Papers - Economics wp2013_09.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
    14. Gbadebo Oladosu & Siwa Msangi, 2013. "Biofuel-Food Market Interactions: A Review of Modeling Approaches and Findings," Agriculture, MDPI, Open Access Journal, vol. 3(1), pages 1-19, February.
    15. Adämmer, Philipp & Bohl, Martin T., 2015. "Speculative bubbles in agricultural prices," The Quarterly Review of Economics and Finance, Elsevier, vol. 55(C), pages 67-76.
    16. Adesina, Akinwumi A., 2013. "Global food and financial crises: lessons and imperatives for accelerating food production in Africa," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 8(4), October.
    17. repec:ilo:ilowps:433121 is not listed on IDEAS
    18. Independent Evaluation Group, 2011. "Growth and Productivity in Agriculture and Agribusiness : Evaluative Lessons from World Bank Group Experience," World Bank Publications, The World Bank, number 2279, June.

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    food security; Nutrition security; Pro-poor growth; Agricultural growth; Food prices; Social protection; Global financial crises;

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