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Development Dimensions of High Food Prices

Author

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  • Philip Abbott

    (Purdue University)

Abstract

Measures were taken by many developing country governments to mitigate consequences of high international agricultural commodity prices from mid 2006 until mid 2008, and to block their transmission to domestic markets, with varying degrees of success and cost. A significant international response has focused on emergency relief and renewed efforts to invest in agricultural development. This paper describes and contrasts the approaches taken by national governments versus international organizations and donors to respond to this food crisis, and their consequences. It also explores approaches already underway to enhance aid effectiveness and achieve more rapid agricultural development for smallholder farmers, identifying potential and past roadblocks.

Suggested Citation

  • Philip Abbott, 2009. "Development Dimensions of High Food Prices," OECD Food, Agriculture and Fisheries Papers 18, OECD Publishing.
  • Handle: RePEc:oec:agraaa:18-en
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    File URL: http://dx.doi.org/10.1787/222521043712
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    Cited by:

    1. ap Gwilym, Rhys & Ebrahim, M. Shahid, 2013. "Can position limits restrain ‘rogue’ trading?," Journal of Banking & Finance, Elsevier, vol. 37(3), pages 824-836.
    2. Algieri, Bernardina & Kalkuhl, Matthias & Koch, Nicolas, 2015. "A Tale for Two Tails: Explaining Extreme Events in Financialized Agricultural markets," 2015 Conference (59th), February 10-13, 2015, Rotorua, New Zealand 202529, Australian Agricultural and Resource Economics Society.
    3. de Janvry, Alain & Sadoulet, Elisabeth, 2010. "The Global Food Crisis and Guatemala: What Crisis and for Whom?," World Development, Elsevier, vol. 38(9), pages 1328-1339, September.
    4. Jolejole-Foreman, Maria Christina & Mallory, Mindy L. & Baylis, Katherine R., 2013. "Impact of Wheat and Rice Export Ban on Indian Market Integration," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150595, Agricultural and Applied Economics Association.
    5. Alain de Janvry, 2010. "Agriculture for development: new paradigm and options for success," Agricultural Economics, International Association of Agricultural Economists, vol. 41(s1), pages 17-36, November.
    6. repec:eee:jfpoli:v:69:y:2017:i:c:p:256-269 is not listed on IDEAS
    7. Janvry, Alain De & Sadoulet, Elisabeth, 2010. "Agriculture for development in sub-Saharan Africa: An update," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 5(1), September.
    8. Jonathan Brooks & Alan Matthews, 2015. "Trade Dimensions of Food Security," OECD Food, Agriculture and Fisheries Papers 77, OECD Publishing.
    9. Chen, Mei-Hsiu, 2010. "Understanding world metals prices--Returns, volatility and diversification," Resources Policy, Elsevier, vol. 35(3), pages 127-140, September.
    10. SENE, Mr. SEYDINA OUSMANE & SAGHAIAN, Dr. SAYED H., 2014. "Liberalized World Trade and Food Import Under Foreign Exchange Constraints in the CFA's Franc Zone of Sub-Saharan Africa," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162485, Southern Agricultural Economics Association.

    More about this item

    Keywords

    agricultural development; agricultural trade policy; aid effectiveness; emergency relief; food inflation; international commodity prices; price transmission; safety nets;

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy

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