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oapen-20.500.12657-320802022-04-26T11:21:07Z Food Price Policy in an Era of Market Instability: A Political Economy Analysis Pinstrup-Andersen, Per food price volatility staple food commodities global agricultural system developing countries policy intervention 2007–08 world food price crisis Food security Maize Wheat bic Book Industry Communication::K Economics, finance, business & management bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCN Environmental economics Food price volatility is one of the major challenges facing the global agricultural system today. This was most vividly illustrated during the global food crisis of 2007–9 when price spikes occurred for key staple food commodities—such as wheat, rice, maize, and soybeans. Given the variety of reactions by governments of countries experiencing similar food price shocks, the 2007–9 crisis offered an excellent natural experiment for generating knowledge on responses to price volatility in particular and on the political economy of agricultural policy-making more generally. This book contains the wealth of collaborative research by a global team of experts on food price policy—the research was undertaken on a sizeable group of low- and middle-income countries that were highly affected by the 2007–9 food crisis. The central aim of the study is to uncover which political economy factors—ranging from the constellation of different interest groups to the nature of political institutions—explain variations in policy responses across countries. The research output proves valuable for at least three target audiences. First, it can inform international organizations and donors about which types of policy interventions can mitigate price volatility and whether they are feasible given a country’s political economy context. Second, it can help national policy makers better understand the trade-offs of certain policy interventions. Third, it generates much-needed further knowledge about the agricultural policy-making process in developing countries, which remains incredibly scarce despite the importance of agriculture to these countries’ economies. 2016-12-31 23:55:55 2018-10-03 09:09:28 2020-04-01T13:57:54Z 2020-04-01T13:57:54Z 2016 book 617900 OCN: 972078631 9780198718574 http://library.oapen.org/handle/20.500.12657/32080 eng WIDER Studies in Development Economics application/pdf n/a 617900.pdf https://global.oup.com/academic/product/food-price-policy-in-an-era-of-market-instability-9780198718574 Oxford University Press 10.1093/acprof:oso/9780198718574.001.0001 10.1093/acprof:oso/9780198718574.001.0001 b9501915-cdee-4f2a-8030-9c0b187854b2 c9be6ad3-6692-452d-a1f3-a3e6c74f0fe2 9780198718574 544 Oxford, UK UNU WIDER open access
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Food price volatility is one of the major challenges facing the global agricultural system today. This was most vividly illustrated during the global food crisis of 2007–9 when price spikes occurred for key staple food commodities—such as wheat, rice, maize, and soybeans. Given the variety of reactions by governments of countries experiencing similar food price shocks, the 2007–9 crisis offered an excellent natural experiment for generating knowledge on responses to price volatility in particular and on the political economy of agricultural policy-making more generally. This book contains the wealth of collaborative research by a global team of experts on food price policy—the research was undertaken on a sizeable group of low- and middle-income countries that were highly affected by the 2007–9 food crisis. The central aim of the study is to uncover which political economy factors—ranging from the constellation of different interest groups to the nature of political institutions—explain variations in policy responses across countries. The research output proves valuable for at least three target audiences. First, it can inform international organizations and donors about which types of policy interventions can mitigate price volatility and whether they are feasible given a country’s political economy context. Second, it can help national policy makers better understand the trade-offs of certain policy interventions. Third, it generates much-needed further knowledge about the agricultural policy-making process in developing countries, which remains incredibly scarce despite the importance of agriculture to these countries’ economies.
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