Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure
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 â€œWashington Consensusâ€ and â€œstructural adjustment policies and economic stabilizationâ€ 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 itâ€™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.
|Date of creation:||Oct 2009|
|Date of revision:||Oct 2009|
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