High Food Prices in Asia-Pacific: Policy Initiatives in view of Supply Uncertainty and Price Volatility

Clovis Freire, Aynul Hasan () and M. Hussain Malik ()
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Aynul Hasan: Macroeconomic Policy and Financing for Development Division, ESCAP
M. Hussain Malik: Macroeconomic Policy and Financing for Development Division, ESCAP

No WP/12/01, MPDD Working Paper Series from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP)

Abstract: High food prices have put increasing inflationary pressures across the Asia-Pacific region and threatened food security. Bad weather in important food-producing countries and speculation in commodity markets have affected global food supplies and added volatility to booming commodity markets that have been fueled in the long-term by increasing global demand. High food prices have threatened to slowdown economic growth, poverty reduction and inclusive sustainable development throughout the region. Countries of the region have taken various measures to address the risk of adverse effects caused by high international food prices. This paper outlines policy responses and interventions that governments in the region can make to counter the adverse impact of food inflation.

Keywords: Food Prices; Inflation; Commodity; Food Security; Poverty Reduction; Food Policy; Economic Growth (search for similar items in EconPapers)
JEL-codes: E31 I32 O47 Q18 (search for similar items in EconPapers)
Date: 2012-01
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Citations: View citations in EconPapers (3)

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