Poverty Impact of Food Price Shocks and Policies

Poverty Impact of Food Price Shocks and Policies

In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countri...

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Bibliographic Details
Main Authors: Laborde, David, Lakatos, Csilla, Martin, Will
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2019
Subjects:
FOOD PRICES
FOOD SECURITY
POVERTY
PRICE SHOCK
TERMS OF TRADE
POLICY
Online Access:http://documents.worldbank.org/curated/en/863311549375011898/Poverty-Impact-of-Food-Price-Shocks-and-Policies
http://hdl.handle.net/10986/31228
id okr-10986-31228
recordtype oai_dc
spelling okr-10986-312282022-09-18T12:16:30Z Poverty Impact of Food Price Shocks and Policies Laborde, David Lakatos, Csilla Martin, Will FOOD PRICES FOOD SECURITY POVERTY PRICE SHOCK TERMS OF TRADE POLICY In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countries can succeed at insulating their domestic markets from short-term fluctuations in global food prices, the collective intervention of many countries may exacerbate the volatility of world prices. Insulating policies introduced during the 2010-11 food price spike may have accounted for 40 percent of the increase in the world price of wheat and one-quarter of the increase in the world price of maize. Combined with government policy responses, the 2010-11 food price spike tipped 8.3 million people (nearly 1 percent of the world's poor) into poverty. 2019-02-07T17:31:14Z 2019-02-07T17:31:14Z 2019-02 Working Paper http://documents.worldbank.org/curated/en/863311549375011898/Poverty-Impact-of-Food-Price-Shocks-and-Policies http://hdl.handle.net/10986/31228 English Policy Research Working Paper;No. 8724 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic FOOD PRICES
FOOD SECURITY
POVERTY
PRICE SHOCK
TERMS OF TRADE
POLICY
spellingShingle FOOD PRICES
FOOD SECURITY
POVERTY
PRICE SHOCK
TERMS OF TRADE
POLICY
Laborde, David
Lakatos, Csilla
Martin, Will
Poverty Impact of Food Price Shocks and Policies
relation Policy Research Working Paper;No. 8724
description In the event of large swings in world food prices, countries often intervene to dampen the impact of international food price spikes on domestic prices and to lessen the burden of adjustment on vulnerable population groups. While individual countries can succeed at insulating their domestic markets from short-term fluctuations in global food prices, the collective intervention of many countries may exacerbate the volatility of world prices. Insulating policies introduced during the 2010-11 food price spike may have accounted for 40 percent of the increase in the world price of wheat and one-quarter of the increase in the world price of maize. Combined with government policy responses, the 2010-11 food price spike tipped 8.3 million people (nearly 1 percent of the world's poor) into poverty.
format Working Paper
author Laborde, David
Lakatos, Csilla
Martin, Will
author_facet Laborde, David
Lakatos, Csilla
Martin, Will
author_sort Laborde, David
title Poverty Impact of Food Price Shocks and Policies
title_short Poverty Impact of Food Price Shocks and Policies
title_full Poverty Impact of Food Price Shocks and Policies
title_fullStr Poverty Impact of Food Price Shocks and Policies
title_full_unstemmed Poverty Impact of Food Price Shocks and Policies
title_sort poverty impact of food price shocks and policies
publisher World Bank, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/863311549375011898/Poverty-Impact-of-Food-Price-Shocks-and-Policies
http://hdl.handle.net/10986/31228
_version_ 1764473840861184000

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