The Financial Crisis and Its Impacts on Global Agriculture
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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.
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Financial Crises G010, Economic Development: Agriculture, Natural Resources, Energy, Environment, Other Primary Products O130, Economic Development: Human Resources, Human Development, Income Distribution, Migration O150, Economic Development: Financial Markets, Saving and Capital Investment, Corporate Finance and Governance O160, Agriculture: General Q100, Agriculture: Aggregate Supply and Demand Analysis, Prices Q110