This research was supported by the KU Leuven Research Fund (Methusalem). Mara Squicciarini provided excellent research assistance. Kym Anderson, Rick Barichello, John Bensted-Smith, Luc Christiaensen, Tassos Haniotis, Tom Hertel, Michiel Keyzer, Andrzej Kwiecinski, Will Martin, Alan Matthews, Alessandro Olper, Scott Rozelle, Manohar Sharma, Kostas Stamoulis, Stefan Tangermann, Peter Timmer, Thijs Vandemoortele, Alan Winters, and participants in conferences in Brussels (CEPS), Berkeley (IATRC) and Campobasso (SIDEA) provided useful comments. The opinions expressed here are those of the author only.
The Right Price of Food
Article first published online: 5 OCT 2011
© The Author 2011. Development Policy Review © 2011 Overseas Development Institute.
Development Policy Review
Volume 29, Issue 6, pages 667–688, November 2011
How to Cite
Swinnen, J. (2011), The Right Price of Food. Development Policy Review, 29: 667–688. doi: 10.1111/j.1467-7679.2011.00552.x
- Issue published online: 5 OCT 2011
- Article first published online: 5 OCT 2011
- first submitted May 2010, final revision accepted February 2011
- Food price;
- political economy;
Only a few years ago the widely shared view was that low food prices were a curse to developing countries and the poor. Their dramatic increase in 2006–8 appears to have altered this view fundamentally. High food prices are now judged to have a devastating effect on developing countries and the world's poor – a reversal of opinion that raises questions about the old and the new arguments and the proposed remedies, and also about the causes of this dramatic turnaround in analysis and policy conclusions. This article puts these changes in perspective and discusses their potential implications.