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The Financial Crisis and Its Impact on the Global Agricultural Landscape

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  • Lin, Justin Yifu
  • Martin, William J.

Abstract

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices and reductions in investment, trade, migration and remittances. Some also see the recent food price crisis as a strongly related phenomenon. For most low income countries, shocks that affect food prices or wage rates for unskilled workers seem likely to have the biggest impact on poverty. Policies to address the crisis must include measures: to deal with financial sector problems; the resulting reductions in aggregate demand; and the particular vulnerabilities of poor people.

Suggested Citation

  • Lin, Justin Yifu & Martin, William J., 2009. "The Financial Crisis and Its Impact on the Global Agricultural Landscape," 2009 Conference, August 16-22, 2009, Beijing, China 53208, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae09:53208
    DOI: 10.22004/ag.econ.53208
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    References listed on IDEAS

    as
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