Food price spikes, increasing volatility and global economic shocks

ID:

306112

Language:

EN

Document type:

Book

Description:

Asia is not only the most populous and the most economically vibrant region in the world today, it is also home to the largest number of poor and food insecure people in the world. Improving and sustaining food security in Asia poses formidable challenges in an increasingly unstable global economic environment. During the past five years the region has had to confront two sharp price spikes (in 2007-08 and 2010-11) and the impact of the global economic crisis that followed the global financial crisis of 2008. Though Asia coped with these huge shocks without a slide into large scale food insecurity, it is clear from recent developments in global food markets and the ongoing turmoil in the global economy that there is no room for complacency. How Asian countries coped with these multiple crises are an important source of policy lessons and guidance. This publication provides a synthesis of country studies in Asia - Bangladesh, Cambodia, China, India, Indonesia, Nepal, the Philippines, Sri Lanka, Thailand and Viet Nam - with a view towards analyzing the nature, outcomes and effectiveness of particular policy responses. It examines the extent to which immediate and longer term food security issues were addressed in programmes undertaken to cope with the crises and the lessons that have emerged for countries, as well as for regional and global cooperation to meet food security challenges.

Publication year:

2012

Pages:

94

URL:

http://www.fao.org/docrep/016/i3031e/i3031e00.htm

Job number:

I3031

Department:

RAP

Division:

RAPE

Series title:

RAP Publication

Version:

2012/17

Country:

Bangladesh

PDF:

http://www.fao.org/docrep/016/i3031e/i3031e00.pdf