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Wiley InterScience | |||||||||||||
  Asian Economic JournalVolume 21 Issue 1, Pages 1 - 18 Published Online: 23 Mar 2007 Journal compilation © 2009 East Asian Economic Association and Blackwell Publishing Ltd.
Abstract | References | Full Text: PDF (Size: 110K) | Related Articles | Citation Tracking  Managing Food Price Instability in Asia: A Macro Food Security Perspective* * Timmer (corresponding author): Center for Global Development, 1776 Massachusetts Avenue, NW, 3rd Floor, Washington, DC 20036, USA. Email: p.timmer@cgdev.org. Dawe: Food and Agriculture Organization, Bangkok. Email: david.dawe@fao.org. Dawe's work on this paper was undertaken at the International Rice Research Institute (IRRI) before he joined the Food and Agriculture Organization (FAO). None of the views expressed in this paper necessarily represent the view of FAO, or for that matter, of IRRI. This paper draws extensively on previous work by both authors on food security and price stabilization in Asia and is an essay, not an econometric test of the hypothesis that price stabilization is desirable. We would like to thank an anonymous referee and a member of the Editorial Board for very useful suggestions on how to make the arguments clearer and more focused. doi: 10.1111/j.1467-8381.2007.00244.x Copyright © 2007 The Authors Journal compilation © 2007 East Asian Economic Association and Blackwell Publishing Ltd KEYWORDS food price stabilization • rice • structural transformation KEYWORDS O13 • Q18 ABSTRACTThe present paper describes the benefits and costs, in qualitative terms, of managing food price instability in Asia in the context of promoting economic growth and poverty reduction to improve food security. The experience of Asian governments in actual practice with price stabilization is discussed in the context of managing an efficient transition to market-mediated food security. Recent experience in Indonesia, where a sharp increase in rice prices (caused by a ban on rice imports) pushed 4 million people into poverty, provides continued motivation for the analytical story in this paper. Received 27 April 2006; accepted 2 November 2006 | 
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IT'S TIME TO RENEW
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