Rising Food Prices: Policy Options And World Bank Response (Word; 175 KB)

Policy World Bank Food, food supply and food security Trackbacks (0)

Rising food prices: Policy options and World Bank response (Word; 175 KB)
Source: World Bank

The rising trend in international food prices continued, and even accelerated, in 2008. U.S. wheat export prices rose from $375/ton in January to $440/ton in March, and Thai rice export prices increased from $365/ton to $562/ton. This came on top of a 181 percent increase in global wheat prices over the 36 months leading up to February 2008, and a 83 percent increase in overall global food prices over the same period.

Increased bio-fuel production has contributed to the rise in food prices. Concerns over oil prices, energy security and climate change have prompted governments to take a more proactive stance towards encouraging production and use of bio-fuels. This has led to increased demand for bio-fuel raw materials, such as wheat, soy, maize and palm oil, and increased competition for cropland. Almost all of the increase in global maize production from 2004 to 2007 (the period when grain prices rose sharply) went for bio-fuels production in the U.S., while existing stocks were depleted by an increase in global consumption for other uses. Other developments, such as droughts in Australia and poor crops in the E.U. and Ukraine in 2006 and 2007, were largely offset by good crops and increased exports in other countries and would not, on their own, have had a significant impact on prices. Only a relatively small share of the increase in food production prices (around 15%) is due directly to higher energy and fertilizer costs.

The observed increase in food prices is not a temporary phenomenon, but likely to persist in the medium term. Food crop prices are expected to remain high in 2008 and 2009 and then begin to decline as supply and demand respond to high prices; however, they are likely to remain well above the 2004 levels through 2015 for most food crops. Forecasts of other major organizations (FAO, OECD, and USDA) that regularly monitor and project commodity prices are broadly consistent with these projections. Predictions of high food price in the medium run are further strengthened when we factor in the impact of policies aimed at achieving energy security and reduced carbon dioxide emissions, which may present strong trade-offs with food security objectives.


Housing And The Business Cycle. World Economic Outlook

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World Economic Outlook:
Source: International Monetary Fund

The World Economic Outlook (WEO) presents the IMF staff’s analysis and projections of economic developments at the global level, in major country groups (classified by region, stage of development, etc.), and in many individual countries. It focuses on major economic policy issues as well as on the analysis of economic developments and prospects. It is usually prepared twice a year, as documentation for meetings of the International Monetary and Financial Committee, and forms the main instrument of the IMF’s global surveillance activities.

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Open Science Directory Politics Ejournals

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Open Science Directory politics ejournals
A website developed by EBSCO and the Hasselt University Library, originally designed to support researchers in developing countries, it is now offers open access to over 13,000 full text electronic journals. These cover a wide range of subject areas which extend beyond the natural sciences into the social sciences, education, history, environmental studies and anthropology. The site also offers searching of a number of specialist collections which include: the AGORA program, set up by the Food and Agriculture Organization of the UN (FAO) and contains agricultural titles; The Health InterNetwork Access to Research Initiative (HINARI), set up by the World Health Organization which contains medical titles; Online Access to Research in the Environment (OARE), an international public-private consortium coordinated by the United Nations Environment Programme (UNEP), Yale University, and leading science and technology publishers. The politics section includes materials on public administration, colonisation, forced migration and International relations. There is also wide coverage of comparative politics and the politics of developing nations. It is possible to browse titles by subject area. Most titles are English language and many are published by International organisations. There are some limited facilities for cross searching for articles within the databases. Intute.ac.uk

Politics And World Events: Podcasts From Leading Financial And Data Research Company Bloomberg

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Bloomberg politics podcasts
Free access to podcasts from leading financial and data research company Bloomberg. They comprise recent political discussion programmes where analysts debate American politics and world events (from a largely US angle). Topics covered include activities in the US Congress, American politics and current affairs, US foreign policy. Copyright and technical information is displayed on the website. It is possible to sign up to receive alerts when new materials are added.

E-IR: Independent International Relations Website

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An independent international relations website created by students at a number of leading British universities including Oxford, Leicester and LSE (London School of Economics). It provides free access to world news stories, links to blogs, lectures and podcasts from Universities and think tanks. Other features of the site include student essays and articles covering all aspects of IR, reading lists and conference postings.All aspects of international relations are covered including: international security, terrorism, wars, political theory, international history and states and international organisations. Intute.ac.uk