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Managing Food Price Instability in Asia: A Macro Food Security Perspective *
Author(s) -
Peter Timmer C.,
Dawe David
Publication year - 2007
Publication title -
asian economic journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.345
H-Index - 28
eISSN - 1467-8381
pISSN - 1351-3958
DOI - 10.1111/j.1467-8381.2007.00244.x
Subject(s) - food security , context (archaeology) , poverty , economics , food prices , poverty reduction , perspective (graphical) , macro , development economics , economic growth , agriculture , geography , archaeology , artificial intelligence , computer science , programming language
The present paper describes the benefits and costs, in qualitative terms, of managing food price instability in Asia in the context of promoting economic growth and poverty reduction to improve food security. The experience of Asian governments in actual practice with price stabilization is discussed in the context of managing an efficient transition to market‐mediated food security. Recent experience in Indonesia, where a sharp increase in rice prices (caused by a ban on rice imports) pushed 4 million people into poverty, provides continued motivation for the analytical story in this paper.