The Challenges of High Food and Fuel Prices

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dc.creatorWorld Bank
dc.date2013-03-13T14:22:35Z
dc.date2013-03-13T14:22:35Z
dc.date2008-10
dc.date.accessioned2026-07-01T01:21:37Z
dc.descriptionThe increase in the price of oil and food carry major adverse poverty and macroeconomic implications especially for fragile and small states and for low income households in all developing countries. In terms of their impact on income distribution, inflation, and poverty food prices are of greater and more immediate concern than high fuel prices. However, the impact of the oil price increase on economic growth is likely to be negative and the challenge of crafting appropriate policy responses to the food crisis is made much harder in a context of rising oil prices and ensuing fiscal and balance of payments pressures. This paper describes what has happened to fuel and oil prices over the past two years and links these developments to the macro-economic international context. It goes on to describe the consequences of the oil and food price increase for developing countries and especially for fragile and small states in the commonwealth. The paper also discusses policy instruments that may contribute to ameliorate the impact of the changes. Finally, it describes how the World Bank can support countries' efforts in addressing these price shocks.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2008/10/16461515/challenges-high-food-fuel-prices
dc.identifierhttps://hdl.handle.net/10986/12692
dc.identifierhttps://doi.org/10.1596/12692
dc.identifier.urihttp://hdl.handle.net/123456789/417380
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectADVERSE IMPACTS
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURE
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK LENDING
dc.subjectBANK POLICY
dc.subjectBENCHMARK
dc.subjectCAPITAL INFLOWS
dc.subjectCASH TRANSFERS
dc.subjectCEREALS
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICE
dc.subjectCOMMODITY PRICES
dc.subjectCONSUMERS
dc.subjectCONTINGENCY PLANS
dc.subjectCROSS-BORDER FLOWS
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT FORGIVENESS
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT POLICY
dc.subjectDEBT RELIEF
dc.subjectDELIVERY MECHANISMS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPING MARKETS
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT FINANCE
dc.subjectDEVELOPMENT POLICY
dc.subjectDISBURSEMENTS
dc.subjectDOMESTIC MARKETS
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC OUTLOOK
dc.subjectEDIBLE OILS
dc.subjectENERGY PRICE
dc.subjectENERGY PRICES
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT GROWTH
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFACTORS OF PRODUCTION
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL RISKS
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SYSTEMS
dc.subjectFINANCIAL WEAKNESSES
dc.subjectFISCAL CAPACITY
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICY
dc.subjectFOOD AID
dc.subjectFOOD GRAINS
dc.subjectFOOD PRICE
dc.subjectFOOD PRICES
dc.subjectFOOD PRODUCTS
dc.subjectFOOD SUBSIDIES
dc.subjectGDP
dc.subjectGLOBAL DEVELOPMENT FINANCE
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBAL FINANCIAL MARKETS
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT EXPENDITURE
dc.subjectGOVERNMENT SPENDING
dc.subjectGRAINS
dc.subjectGROUNDNUTS
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINFLATION EXPECTATIONS
dc.subjectINFLATIONARY EXPECTATIONS
dc.subjectINFLATIONARY PRESSURES
dc.subjectINFRASTRUCTURE FINANCE
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL SECURITY
dc.subjectINTERNATIONAL TRADE
dc.subjectLEVEL OF DEBT
dc.subjectLIQUIDITY
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMACROECONOMIC CONTEXT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMAIZE
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE-INCOME COUNTRIES
dc.subjectMONETARY POLICY
dc.subjectMULTILATERAL TRADE
dc.subjectNEW PRODUCTS
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectPOLICY RESPONSE
dc.subjectPOLICY RESPONSES
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRICE CHANGE
dc.subjectPRICE CHANGES
dc.subjectPRICE INCREASE
dc.subjectPRICE INCREASES
dc.subjectPRICE INDICES
dc.subjectPRICE SETTING
dc.subjectPRICE VOLATILITY
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREDISTRIBUTIVE EFFECTS
dc.subjectREGULATORY CONSTRAINTS
dc.subjectREPAYMENTS
dc.subjectREPAYMENTS OF PRINCIPAL
dc.subjectRESERVES
dc.subjectSAFETY NETS
dc.subjectSOCIAL PROTECTION
dc.subjectSOYBEANS
dc.subjectSTOCK MARKETS
dc.subjectSTOCKS
dc.subjectSUBSTITUTE
dc.subjectTAX
dc.subjectTAX RATE
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRADE POLICY
dc.subjectTRUST FUND
dc.subjectTRUST FUNDS
dc.subjectVEGETABLE OILS
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWHEAT
dc.subjectWORLD ECONOMY
dc.subjectWORLD TRADE
dc.titleThe Challenges of High Food and Fuel Prices

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