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Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure

Author

Listed:
  • Ali Dini

    (Institute for Trade Studies and Research - Tehran)

  • Victor Lippit

    () (Department of Economics, University of California Riverside)

Abstract

The relationship among payment style of subsidies, economic growth and poverty is a matter of challenge among economists and policy makers. Neoliberal Institutional Structure in framework of what is called "Washington Consensus" and "structural adjustment policies and economic stabilization" argues on economic advantages of removing food general subsidies so necessity of replacing a most liberalized food markets with regulated food security policy. This paper gives a historical background of this approach and criticizes it's policy recommendation and shows following it has led to a deep crisis in global food market in 2007 with sharply rising of poverty and dying of some people around the world due to lacking of access to food.

Suggested Citation

  • Ali Dini & Victor Lippit, 2009. "Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure," Working Papers 200912, University of California at Riverside, Department of Economics, revised Oct 2009.
  • Handle: RePEc:ucr:wpaper:200912
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    File URL: http://economics.ucr.edu/repec/ucr/wpaper/09-12.pdf
    File Function: First version, 2009
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    More about this item

    Keywords

    Subsidies; adjustment and stabilization policies; poverty; food Crisis;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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