 | Understanding the food price crisis and its impact in the Region+ More Rising Food Prices - Region's Position Paper Slideshow about Food Crisis in the Region |
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| | How is this crisis affecting the region? | | + | Rising food prices are a growing policy challenge for both middle-income and low-income countries in the region. | | + | While the region as a whole is a net food exporter, food price inflation still has a detrimental impact on the income, nutrition, and health of poor consumers. | +Â More |
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| | Can the poor cope? | | Understanding the impact of food price inflation on the poor requires an examination of the situation and response of households. Even poor households may have risk mitigation strategies—for example, relying on multiple sources of income that permit labor supply to be rapidly increased. Substitution effects and risk mitigation strategies not only determine the pass-through from international to local prices but also shape public policy intervention impacts. For example, explicit subsidies may affect factor allocations and therefore real wages and supply responses. | + More |
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| | What can be done to help? | Food policy interventions fall into two main categories: coping and curing. Coping strategies are focused on the household but have broader implications and can be a rapid response option. Curing strategies focus on supply response and are typically an option for the medium to long term. Some options from both categories are better than others. | +Â More |
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