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Food Price Policy in an Era of Market Instability - A Political Economy Analysis (Paperback)
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Food Price Policy in an Era of Market Instability - A Political Economy Analysis (Paperback)
Series: WIDER Studies in Development Economics
Expected to ship within 12 - 17 working days
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This is an open access title available under the terms of a CC
BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship
Online and offered as a free PDF download from OUP and selected
open access locations. Food price volatility is one of the major
challenges facing current and future global food systems. Since
2006, global food prices have fluctuated greatly around an
increasing trend and price spikes were observed for key food
commodities such as rice, wheat, and maize. The full or partial
transmission of these global food price changes to individual
developing countries, together with domestic food price changes,
caused by domestic factors such as extreme weather events and
market disruptions, caused governments to respond in a variety of
ways. While there is ample description of the nature, content, and
causes of food price fluctuations during the last 5 to 7 years,
very little is known about the processes that led to policy
responses or the relative power and behaviour of the participating
stakeholder groups. Understanding how and why governments responded
as they did is important to enhance the existing knowledge of the
political economy of food price policy and to assist governments in
their policy-making as they confront future food price
fluctuations. This book presents results from political economy
studies of food price policy in 14 developing countries as well as
the United States and the European Union.
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