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Food and financial crises: Implications for agriculture and the poor

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  • von Braun, Joachim

Abstract

"High food prices from 2007 through mid-2008 had serious implications for food and nutrition security, macroeconomic stability, and political security. The unfolding global financial crisis and economic slowdown have now pushed food prices to lower levels. Yet the financial crunch has also decreased the availability of capital at a time when accelerated investment in agriculture is urgently needed. The food and financial crises will have strong and long-lasting effects on emerging economies and poor people. A synchronized response is needed to ease the burden on the poor and allow agriculture to face new challenges and respond to new opportunities. Three sets of complementary policy actions should be taken: (1) promote pro-poor agricultural growth, (2) reduce market volatility, and (3) expand social protection and child nutrition action. Agriculture requires strategic investment action, and the food-insecure poor need a bailout now." from Text

Suggested Citation

  • von Braun, Joachim, 2008. "Food and financial crises: Implications for agriculture and the poor," Food policy reports 20, International Food Policy Research Institute (IFPRI).
    • Handle: RePEc:fpr:fprepo:20
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    File URL: http://www.ifpri.org/sites/default/files/publications/pr20.pdf
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    References listed on IDEAS

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    1. Quisumbing, Agnes & Meinzen-Dick, Ruth Suseela & Bassett, Lucy & Usnick, Michael & Pandolfelli, Lauren & Morden, Cheryl & Alderman, Harold, 2008. "Helping women respond to the global food price crisis:," Policy briefs 7, International Food Policy Research Institute (IFPRI).
    2. von Braun, Joachim & Pandya-Lorch, Rajul, 2007. "Taking action for the world's poor and hungry people: Synopsis of an international consultation," IFPRI books, International Food Policy Research Institute (IFPRI), number 9780896296572.
    3. Benson, Todd & Minot, Nicholas & Pender, John & Robles, Miguel & von Braun, Joachim, 2008. "Global food crises: Monitoring and assessing impact to inform policy responses," Food policy reports 19, International Food Policy Research Institute (IFPRI).
    4. von Braun, Joachim & Ahmed, Akhter & Asenso-Okyere, Kwadwo & Fan, Shenggen & Gulati, Ashok & Hoddinott, John & Pandya-Lorch, Rajul & Rosegrant, Mark W. & Ruel, Marie & Torero, Maximo & van Rheenen, Te, 2008. "High food prices: The what, who, and how of proposed policy actions [In Chinese]," Policy briefs 1A CH, International Food Policy Research Institute (IFPRI).
    5. von Braun, Joachim & Fan, Shenggen & Meinzen-Dick, Ruth & Rosegrant, Mark W. & Pratt, Alejandro Nin, 2008. "International agricultural research for food security, poverty reduction, and the environment: What to expect from scaling up CGIAR investments and “Best Bet” programs," Issue briefs 53, International Food Policy Research Institute (IFPRI).
    6. von Braun, Joachim & Ahmed, Akhter & Asenso-Okyere, Kwadwo & Fan, Shenggen & Gulati, Ashok & Hoddinott, John & Pandya-Lorch, Rajul & Rosegrant, Mark W. & Ruel, Marie & Torero, Maximo & van Rheenen, Te, 2008. "High food prices: The what, who, and how of proposed policy actions," Policy briefs 1A, International Food Policy Research Institute (IFPRI).
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    More about this item

    Keywords

    food security; Nutrition security; Pro-poor growth; Agricultural growth; Food prices; Social protection; Global financial crises;
    All these keywords.

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