IDEAS home Printed from https://ideas.repec.org/p/unt/wpmpdd/wp-12-01.html

High Food Prices in Asia-Pacific: Policy Initiatives in view of Supply Uncertainty and Price Volatility

Author

Listed:
  • Clovis Freire

    (Macroeconomic Policy and Financing for Development Division, ESCAP)

  • Aynul Hasan

    (Macroeconomic Policy and Financing for Development Division, ESCAP)

  • M. Hussain Malik

    (Macroeconomic Policy and Financing for Development Division, ESCAP)

Abstract

High food prices have put increasing inflationary pressures across the Asia-Pacific region and threatened food security. Bad weather in important food-producing countries and speculation in commodity markets have affected global food supplies and added volatility to booming commodity markets that have been fueled in the long-term by increasing global demand. High food prices have threatened to slowdown economic growth, poverty reduction and inclusive sustainable development throughout the region. Countries of the region have taken various measures to address the risk of adverse effects caused by high international food prices. This paper outlines policy responses and interventions that governments in the region can make to counter the adverse impact of food inflation.

Suggested Citation

  • Clovis Freire & Aynul Hasan & M. Hussain Malik, 2012. "High Food Prices in Asia-Pacific: Policy Initiatives in view of Supply Uncertainty and Price Volatility," MPDD Working Paper Series WP/12/01, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    • Handle: RePEc:unt:wpmpdd:wp/12/01
    as

    Download full text from publisher

    File URL: http://www.unescap.org/pdd/publications/workingpaper/wp-12-01.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Clovis Freire & Alberto Isgut, 2011. "High Food and Oil Prices and Their Impact on the Achievement of MDG 1 in Asia and the Pacific," MPDD Working Paper Series WP/11/18, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
    2. Williamson, Jeffrey G., 2013. "Trade and Poverty: When the Third World Fell Behind," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262518598, December.
    3. David S. Jacks & Kevin H. O'Rourke & Jeffrey G. Williamson, 2011. "Commodity Price Volatility and World Market Integration since 1700," The Review of Economics and Statistics, MIT Press, vol. 93(3), pages 800-813, August.
    Full references (including those not matched with items on IDEAS)

    Citations

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


    Cited by:

    1. Muhammad AZAM KHAN* & Saleem KHAN*, 2018. "INFLATION AND THE ECONOMIC GROWTH: Evidence from Five Asian Countries," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 28(2), pages 235-252.
    2. Shikha Jha & P.V. Srinivasan, 2014. "Food price inflation, growth and poverty," Chapters, in: Raghbendra Jha & Raghav Gaiha & Anil B. Deolalikar (ed.), Handbook on Food, chapter 4, pages 72-99, Edward Elgar Publishing.
    3. United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West (ed.), 2012. "Regional Cooperation for Inclusive and Sustainable Development: South and South-West Asia Development Report 2012-2013," SSWA Books and Research Reports, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) South and South-West Asia Office, number brr4, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Giovanni Federico & Antonio Tena‐Junguito, 2017. "Lewis revisited: tropical polities competing on the world market, 1830–1938," Economic History Review, Economic History Society, vol. 70(4), pages 1244-1267, November.
    2. Sambit Bhattacharyya & Jeffrey Williamson, 2013. "Distributional Impact of Commodity Price Shocks: Australia over a Century," CEH Discussion Papers 019, Centre for Economic History, Research School of Economics, Australian National University.
    3. Federico Tadei & Nektarios Aslanidis & Oscar Martinez, 2025. "Trade costs and the integration of British West Africa in the global economy, c. 1840–1940," Economic History Review, Economic History Society, vol. 78(2), pages 474-498, May.
    4. Peter H. Lindert & Jeffrey G. Williamson, 2016. "American colonial incomes, 1650–1774," Economic History Review, Economic History Society, vol. 69(1), pages 54-77, February.
    5. Francis, Joseph A., 2014. "Resolving the Halperín Paradox: The Terms of Trade and Argentina’s Expansion in the Long Nineteenth Century," MPRA Paper 57915, University Library of Munich, Germany.
    6. Sambit Bhattacharyya & Jeffrey G. Williamson, 2016. "Distributional Consequences of Commodity Price Shocks: Australia Over A Century," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 62(2), pages 223-244, June.
    7. Andrew J. Seltzer, 2021. "Globalisation, migration, trade and growth: Honouring the contribution of Jeff Williamson to Australian and Asia‐Pacific economic history—Guest Editor's introduction," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 61(2), pages 128-135, July.
    8. Williamson, Jeffrey G., 2013. "The Commodity Export, Growth, and Distribution Connection in Southeast Asia 1500-1940," CEPR Discussion Papers 9364, Centre for Economic Policy Research.
    9. Ewout Frankema & Jeffrey Williamson & Pieter Woltjer, 2015. "An Economic Rationale for the African Scramble: The Commercial Transition and the Commodity Price Boom of 1845-1885," NBER Working Papers 21213, National Bureau of Economic Research, Inc.
    10. Sam Fankhauser & Cameron Hepburn, 2009. "Carbon markets in space and time," GRI Working Papers 3, Grantham Research Institute on Climate Change and the Environment.
    11. Brahmbhatt, Milan & Canuto, Otaviano & Vostroknutova, Ekaterina, 2010. "Dealing with Dutch Disease," World Bank - Economic Premise, The World Bank, issue 16, pages 1-7, June.
    12. Nouf Alsharif & Sambit Bhattacharyya & Maurizio Intartaglia, 2016. "Economic Diversification in Resource Rich Countries: Uncovering the State of Knowledge," Working Paper Series 09816, Department of Economics, University of Sussex Business School.
    13. Mario J. Crucini & Gregor W. Smith, 2016. "Distance and Time Effects in Swedish Commodity Prices, 1732–1914," NBER Working Papers 22175, National Bureau of Economic Research, Inc.
    14. Laura Panza, 2012. "Globalisation and the Ottoman Empire: A study of integration between Ottoman and world cotton markets," Working Papers 2012.01, School of Economics, La Trobe University.
    15. Bernardina Algieri, 2014. "A roller coaster ride: an empirical investigation of the main drivers of the international wheat price," Agricultural Economics, International Association of Agricultural Economists, vol. 45(4), pages 459-475, July.
    16. Lars Karlsson & Peter Hedberg, 2021. "War and trade in the peaceful century: the impact of interstate wars on bilateral trade flows during the first wave of globalization, 1830–1913," Economic History Review, Economic History Society, vol. 74(3), pages 809-830, August.
    17. Chilosi, David & Federico, Giovanni, 2015. "Early globalizations: The integration of Asia in the world economy, 1800–1938," Explorations in Economic History, Elsevier, vol. 57(C), pages 1-18.
    18. Rabah Arezki & Daniel Lederman & Hongyan Zhao, 2014. "The Relative Volatility of Commodity Prices: A Reappraisal," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 96(3), pages 939-951.
    19. William Arrata & Alejandro Bernales & Virginie Coudert, 2013. "The Effects of Derivatives on Underlying Financial Markets: Equity Options, Commodity Derivatives and Credit Default Swaps," SUERF 50th Anniversary Volume Chapters, in: Morten Balling & Ernest Gnan (ed.), 50 Years of Money and Finance: Lessons and Challenges, chapter 13, pages 445-473, SUERF - The European Money and Finance Forum.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

    Statistics

    Access and download statistics

    Corrections

    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:unt:wpmpdd:wp/12/01. See general information about how to correct material in RePEc.

    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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Macroeconomic Policy and Development Division, ESCAP The email address of this maintainer does not seem to be valid anymore. Please ask Macroeconomic Policy and Development Division, ESCAP to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/escapth.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.