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The 2008 episode of food price explosion, political turmoil, and human suffering revealed important flaws in the current global food architecture. This paper argues that to safeguard the strengths of the current system, four failures in market functioning and policymaking must be addressed....
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There has been much recent research on the world distribution of income, but also growing recognition of the importance … of world wealth is found in each of North America, Europe, and the rich Asian-Pacific countries. These areas account for … virtually all of the world's top 1 per cent of wealth holders. On an official exchange rate basis India accounts for about a …
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This paper investigates the role of aid in mitigating the adverse effects of commodity export price shocks on growth in commodity-dependent countries. Using a large crosscountry dataset, we find that negative shocks matter for short-term growth, while the ex ante risk of shocks does not seem to...
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