Taxonomy of Causes, Impacts and Policy Responses to the Food Price Crisis in the Andean Region

This paper analyzes the causes, effects and policy alternatives associated with the recent international food price crisis in the Andean region. Additionally, the document makes a first approach to the policy options utilized to confront the crisis, discussing the mix of policies and their potential effectiveness, using a qualitative methodology based in part on schemes proposed in Manzano and Stein (2008), and Malarín (2008). A final section underscores various messages common to the countries of the region. Specifically, the report concludes that this crisis offers a great opportunity for transforming its uncertainties and costs into a stimulus for maturing an infrastructure of prevention and reduction of vulnerabilities in the Andean economies.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Fidel Jaramillo
Format: Working Papers biblioteca
Language:English
Published: Inter-American Development Bank
Subjects:Social Development, I30 - Welfare Well-Being and Poverty: General, O18 - Urban Rural Regional and Transportation Analysis • Housing • Infrastructure, O20 - Development Planning and Policy: General, WP-674,
Online Access:http://dx.doi.org/10.18235/0010910
https://publications.iadb.org/en/taxonomy-causes-impacts-and-policy-responses-food-price-crisis-andean-region
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Summary:This paper analyzes the causes, effects and policy alternatives associated with the recent international food price crisis in the Andean region. Additionally, the document makes a first approach to the policy options utilized to confront the crisis, discussing the mix of policies and their potential effectiveness, using a qualitative methodology based in part on schemes proposed in Manzano and Stein (2008), and Malarín (2008). A final section underscores various messages common to the countries of the region. Specifically, the report concludes that this crisis offers a great opportunity for transforming its uncertainties and costs into a stimulus for maturing an infrastructure of prevention and reduction of vulnerabilities in the Andean economies.