The financial crisis and its impacts on global agriculture
研究了金融危机如何通过利率、商品价格、投资等渠道影响发展中国家,发现食品价格下降有助于减贫,并提出了应对危机的政策建议。
Abstract The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration, and remittances. For most low‐income countries, shocks that affect food prices or wage rates for unskilled workers seem likely to have the biggest impact on poverty, with the declines in key food prices associated with the crisis helping to reduce poverty. Policies to address the crisis must include measures to deal with: financial sector problems; the resulting reductions in aggregate demand; and the particular vulnerabilities of poor people.