Taxonomy of Causes, Impacts and Policy Responses to the Food Price Crisis in the Andean Region
Jaramillo, Fidel; Cuesta, José A.
This paper analyzes the causes, effects and policy alternatives associated with the recent international food price crisis in the Andean region. Additionally, the document makes a first approach to the policy options utilized to confront the crisis, discussing the mix of policies and their potential effectiveness, using a qualitative methodology based in part on schemes proposed in Manzano and Stein (2008), and Malarín (2008). A final section underscores various messages common to the countries of the region. Specifically, the report concludes that this crisis offers a great opportunity for transforming its uncertainties and costs into a stimulus for maturing an infrastructure of prevention and reduction of vulnerabilities in the Andean economies.