Food prices in international markets have spiked three times in the past five years: in mid-2008, early 2011 and mid-2012 (Figure 1). The first prompted urban riots in dozens of developing countries when rice prices more than doubled. It may even have contributed to the unrest that led to the Arab Spring.
Did trade-policy responses to food-price spikes reduce poverty?
Kym Anderson, Maros Ivanic , Will Martin, 3 August 2013
Using water resources efficiently on a global scale
Peter Debaere, 22 August 2012
As the severe drought in key US farming states continues, worries mount over rising food prices. This recent drought is but one of many events that underscore how freshwater scarcity will be a major challenge of the 21st century. Almost one fifth of the world’s population currently suffers the consequences of water scarcity, and this number is expected to increase (UNESCO 2009).
Agricultural trade distortions during the global financial crisis
Kym Anderson, Signe Nelgen, 12 August 2012
Vox readers can download CEPR Discussion Paper 9086 for free here.
Export policy and food price escalation
Nadia Rocha, Paolo Giordani, Michele Ruta, 9 May 2012
International food prices have been a key policy concern in recent times (Evenett and Jenny 2012). Figure 1 shows why. During the periods 2006-7 and 2008-10, international food prices shot up by well over 50%. If we compare these prices with those of the last two decades, the label ‘food crises’ does not seem overblown.
Trade, Competition, and the Pricing of Commodities
Simon J Evenett, Frédéric Jenny, 15 February 2012
Edited by Simon J. Evenett and Frédéric Jenny
15 February 2012
Soaring food and fuel prices: Their impact on public finances and other causes of persistently high consumer price inflation in North African and Middle Eastern countries
Marga Peeters, Ronald Albers, 23 February 2011
Just before the global crisis struck in September 2008, food and fuel prices soared, pushing up inflation in most countries (see for example, Tangermann 2008 and Conceição and Mendoza 2009 on this site).
Global food prices and inflation targeting
Luis AV Catão, Roberto Chang, 27 January 2011
The uneven recovery in advanced countries is hiding an issue that, while off the agenda in the last G20 meeting back in November, is arguably no less urgent for the global economy – namely, the rise in food prices.
Food Prices and Rural Poverty
M. Ataman Aksoy, Bernard Hoekman, 8 October 2010
Food Prices and Rural Poverty is available to order from the CEPR website at http://www.cepr.org/pubs/books/cepr/booklist.asp?cvno=P212
Reducing trade distortions could ease food price volatility
Kym Anderson, 13 November 2009
Every decade or two, food becomes newsworthy globally. Mostly it is because of a price spike, either downwards (hurting farmers in open economies, as in 1986) or upwards (hurting food consumers, as in 1973 and 2008).
Are policymakers better equipped for the next food price crisis?
José Cuesta, 7 August 2009
It is extremely difficult to predict when a crisis will start or end. Even though there might be a consensus regarding its causes (Abbot et. al. 2009), there is typically less agreement on which one(s) dominate(s) and, consequently, which measures will effectively tackle them.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman