Food Subsides, Growth and Poverty A Critique on Neoliberal Institutional Structure

Ali Dini and Victor Lippit ()
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Ali Dini: Institute for Trade Studies and Research - Tehran
Victor Lippit: Department of Economics, University of California Riverside

No 200912, Working Papers from University of California at Riverside, Department of Economics

Abstract: The relationship among payment style of subsidies, economic growth and poverty is a matter of challenge among economists and policy makers. Neoliberal Institutional Structure in framework of what is called "Washington Consensus" and "structural adjustment policies and economic stabilization" argues on economic advantages of removing food general subsidies so necessity of replacing a most liberalized food markets with regulated food security policy. This paper gives a historical background of this approach and criticizes it's policy recommendation and shows following it has led to a deep crisis in global food market in 2007 with sharply rising of poverty and dying of some people around the world due to lacking of access to food.

Keywords: Subsidies; adjustment and stabilization policies; poverty; food Crisis (search for similar items in EconPapers)
JEL-codes: I32 (search for similar items in EconPapers)
Pages: 14 pages
Date: 2009-10, Revised 2009-10
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https://economics.ucr.edu/repec/ucr/wpaper/09-12.pdf First version, 2009 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ucr:wpaper:200912

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