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Implications of Higher Global Food Prices for Poverty in Low-Income Countries / Ivanic, Maros
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Ivanic, Maros
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Food commodities.
- Food consumers.
- Food Prices.
- Impact on poverty.
- Income.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Poor.
- Poor countries.
- Poor households.
- Poor people.
- Poverty rates.
- Poverty Reduction.
- Rural Development.
- Rural Poverty Reduction.
- Local Subjects:
- Food commodities.
- Food consumers.
- Food Prices.
- Impact on poverty.
- Income.
- Macroeconomics and Economic Growth.
- Markets and Market Access.
- Poor.
- Poor countries.
- Poor households.
- Poor people.
- Poverty rates.
- Poverty Reduction.
- Rural Development.
- Rural Poverty Reduction.
- Physical Description:
- 1 online resource (57 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2008
- System Details:
- data file
- Summary:
- In many poor countries, the recent increases in prices of staple foods raise the real incomes of those selling food, many of whom are relatively poor, while hurting net food consumers, many of whom are also relatively poor. The impacts on poverty will certainly be very diverse, but the average impact on poverty depends upon the balance between these two effects, and can only be determined by looking at real-world data. Results using household data for ten observations on nine low-income countries show that the short-run impacts of higher staple food prices on poverty differ considerably by commodity and by country, but, that poverty increases are much more frequent, and larger, than poverty reductions. The recent large increases in food prices appear likely to raise overall poverty in low income countries substantially.
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