Transmission of Global Food Prices to Domestic Prices in Developing Countries: Why It Matters, How It Works, and Why It Should Be Enhanced

This uncertainty keeps food prices high for a longer period, leading to fundamental food security risks for consumers and governments. To achieve more efficient domestic price formation, policy actions need to focus on (i) strengthening the integration of local markets with international markets (th...

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Bibliographic Details
Corporate Author: World Bank (Author)
Format: Electronic eBook
Language:English
Published: Washington, D.C The World Bank 2012
Series:Other papers
Online Access:Volltext
Summary:This uncertainty keeps food prices high for a longer period, leading to fundamental food security risks for consumers and governments. To achieve more efficient domestic price formation, policy actions need to focus on (i) strengthening the integration of local markets with international markets (through investments in infrastructure and market-oriented policies), especially local markets that are more volatile than international markets, (ii) reducing global food price volatility, including through more discipline on trade policy, and (iii) strengthening safety nets to rapidly and cost-effectively protect the poor and vulnerable from the food price spikes
Physical Description:1 Online-Ressource
DOI:10.1596/27121