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A Cacophony of Policy Responses: Evidence from Fourteen Countries During the 2007/08 Food Price Crisis

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  • Bryan, Shane

Abstract

Phenomenal increases in food prices in 2007 and 2008 caused governments around the globe to panic. During the chaos which ensued, most developing countries responded to the crisis with a convoluted array of policies intended to stabilize domestic markets, placate consumers and other stakeholders, protect the vulnerable and, occasionally, address long-term food security concerns. However, there was a great deal of variation in the extent of intervention and the types of policies selected. Even among particular policy types, there was tremendous heterogeneity in timing, scale, implementation mechanisms, and other features. Utilizing a newly compiled sample of fourteen country-level case studies, this paper assimilates available evidence to compare the specifics of crisis responses. In this regard it differs from other policy response studies which focus more on policy types and titles, ignoring the details.

Suggested Citation

  • Bryan, Shane, 2013. "A Cacophony of Policy Responses: Evidence from Fourteen Countries During the 2007/08 Food Price Crisis," WIDER Working Paper Series 029, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2013-029
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    References listed on IDEAS

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    1. Ghoneim, Ahmed Farouk, 2012. "The Political Economy of Food Price Policy in Egypt," WIDER Working Paper Series 096, World Institute for Development Economic Research (UNU-WIDER).
    2. Baltzer, Kenneth, 2013. "International to Domestic Price Transmission in Fourteen Developing Countries During the 2007-08 Food Crisis," WIDER Working Paper Series 031, World Institute for Development Economic Research (UNU-WIDER).
    3. Vu, Linh & Glewwe, Paul, 2011. "Impacts of Rising Food Prices on Poverty and Welfare in Vietnam," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 36(1), April.
    4. Kirsten, Johann F., 2012. "The Political Economy of Food Price Policy in South Africa," Working Papers 206514, University of Pretoria, Department of Agricultural Economics, Extension and Rural Development.
    5. Admassie, Assefa, 2013. "The Political Economy of Food Price: the Case of Ethiopia," WIDER Working Paper Series 001, World Institute for Development Economic Research (UNU-WIDER).
    6. repec:unu:wpaper:wp2012-96 is not listed on IDEAS
    7. Resnick, Danielle, 2013. "Personalistic Policy-Making in a Vibrant Democracy: Senegal's Fragmented Response to the 2007/08 Food price Crisis," WIDER Working Paper Series 015, World Institute for Development Economic Research (UNU-WIDER).
    8. Sheahan, Megan & Black, Roy & Jayne, Thomas S., 2012. "What is the Scope for Increased Fertilizer Use in Kenya?," Food Security International Development Working Papers 135283, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    9. Chapoto, Antony, 2012. "The Political Economy of Food Price Policy: The Case of Zambia," WIDER Working Paper Series 100, World Institute for Development Economic Research (UNU-WIDER).
    10. Watson, Derrill D., 2013. "Political Economy Synthesis: the Food Policy Crisis," WIDER Working Paper Series 050, World Institute for Development Economic Research (UNU-WIDER).
    11. repec:unu:wpaper:wp2012-95 is not listed on IDEAS
    12. Raihan, Selim, 2013. "The Political Economy of Food Price Policy: the Case of Bangladesh," WIDER Working Paper Series 002, World Institute for Development Economic Research (UNU-WIDER).
    13. Jayne, Thomas S. & Tschirley, David L., 2009. "Food Price Spikes and Strategic Interactions between the Public and Private Sectors: Market Failures or Governance Failures," Food Security Collaborative Working Papers 97142, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    14. Mueller, Bernardo & Mueller, Charles C., 2012. "The Impact Of The 2007?08 Food Price Crisis In A Major Commodity Exporter : Food Prices, Inflation, And Inclusion In Brazil," WIDER Working Paper Series 095, World Institute for Development Economic Research (UNU-WIDER).
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    Keywords

    Agriculture; Decision making (Finance; Public); Food security; Macroeconomics; Prices;

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