Food Price Policy and Equity uri icon

abstract

  • Policies for food are much more relevant to equity considerations than policies for most other commodities. Not only is food essential for survival, but the poor spend a higher proportion of their income on food than the rich. A change in the price of food has a proportionally greater impact on their real income and welfare. Food also is a source of income for a large proportion of the population in developing countries. Consequently, the focus here is primarily on agricultural pricing, which some claim is a major factor underlying current food problems in Africa

publication date

  • 1987