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Reexamining Policies for Food Security

Author

Listed:
  • Anderson, Kym

    (University of Adelaide and the Australian National)

  • Jha, Shikha

    (Asian Development Bank)

  • Nelgen, Signe

    (University of Adelaide)

  • Strutt, Anna

    (University of Waikato and the University of Adelaide)

Abstract
In the wake of recent food price spikes, plus growing demands for food in emerging Asia and for biofuels in Europe and the United States, governments are reexamining their strategies for dealing with both short-term and long-term food security concerns. This paper argues that long-run trends in real agricultural prices have policy implications for food security that are at least as important as those related to short-lived spikes around trend prices. The paper therefore summarizes recent projections of markets to 2030 under various scenarios, and then reviews evidence on how trade policy restrictions typically are altered to insulate domestic markets from short-run fluctuations in international prices around their long-run trends. That provides a firm empirical basis for reexamining the effectiveness and efficiency of various policy options for ensuring food security in Asia and elsewhere. Those options include boosting agricultural productivity growth rates to deal with long-run concerns, and using more appropriate domestic policy measures rather than trade policies to cope with price volatility.

Suggested Citation

  • Anderson, Kym & Jha, Shikha & Nelgen, Signe & Strutt, Anna, 2012. "Reexamining Policies for Food Security," ADB Economics Working Paper Series 301, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0301
    Note: http://www.adb.org/publications/reexamining-policies-food-security?ref=data/publications
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    References listed on IDEAS

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    Cited by:

    1. Mujahid, Irfan & Kalkuhl, Matthias, 2015. "Food Price Crisis in Indonesia: Alert from the Key Markets," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205277, Agricultural and Applied Economics Association.
    2. Anderson, Kym & Thennakoon, Jayanthi, 2015. "Food Prices Spikes and Poor, Small Economies: What Role for Trade Policies," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 10(1), pages 1-16, March.

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