IDEAS home Printed from
   My bibliography  Save this paper

Beyond the numbers: How urban households in Central America responded to the recent global crises


  • Hernandez, Manuel A.
  • Robles, Miguel
  • Torero, Maximo


A review of various economic indicators shows that both the recent food crisis and the financial and economic crisis have had significant negative effects on the Central American countries. The first jolt to the region came in 2007 and mid-2008, while the second occurred at the end of 2008 and in 2009. Particularly notable during 2007 and the first half of 2008 was the inflation that hit the food and beverage sector, which consistently outpaced overall inflation in Central America. The rise in prices coincided with the upward trend in international prices for the main agricultural commodities. The impact of the financial and economic crisis was reflected in declining exports, particularly for the maquila industry, reduced tourist inflows, a decrease in remittances from abroad, and a decline in flows of foreign direct investment (FDI) to the region. These factors, in combination, contributed to a contraction of economic activity in Central America in 2009.

Suggested Citation

  • Hernandez, Manuel A. & Robles, Miguel & Torero, Maximo, 2011. "Beyond the numbers: How urban households in Central America responded to the recent global crises," Issue briefs 67, International Food Policy Research Institute (IFPRI).
  • Handle: RePEc:fpr:issbrf:67

    Download full text from publisher

    File URL:
    Download Restriction: no


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Kuhanathan Ano Sujithan & Sanvi Avouyi-Dovi & Lyes Koliai, 2014. "On the determinants of food price volatility," Post-Print hal-01511900, HAL.
    2. repec:dau:papers:123456789/12798 is not listed on IDEAS
    3. Soundararajan, Pushparaj & Suresh, Vidya, 2014. "Does a Speculative Trade in Food Commodities Influence Food Price Inflation in India?," MPRA Paper 62521, University Library of Munich, Germany.

    More about this item


    financial crisis; economic crisis; Food prices;


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fpr:issbrf:67. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.