The political economy of food price policy: A synthesis

Derrill Watson ()

No wp-2015-117, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper identifies eight political economy factors that influenced governments' policy choices during the most recent global food price crisis. To explain the variety of responses and the policy failures, a framework is proposed that locates policies along the twin dimensions of unitary vs. fragmented decision-making processes and social welfare maximizing vs. self-interested policy goals. Policies are favoured that maintain government legitimacy and produce private benefits for the best-connected stakeholders.

Date: 2015
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Related works:
Working Paper: The Political Economy of Food Price Policy: A Synthesis (2015)
Working Paper: The Political Economy of Food Price Policy: A Synthesis (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2015-117

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