This volume examines the dichotomy between the two faces of South Asiaߟone poverty stricken and lagging in development, the other highly urbanized and growing rapidlyߟand tries to find a workable solution to bridge this gap. It looks at the many policy and institutional constraints that contribute to this dichotomy, especially regional conflict that has made South Asia one of the least integrated regions of the world.

Managing the Food Price Crisis in South Asia1

Managing the food price crisis in South Asia
RichardVokes and SavindiJayakody

Introduction

After a sustained period in which a relatively benign global environment has contributed to strong growth in poverty reduction in many developing countries, the situation changed dramatically in 2008. Through the first half of the year, the oil and food price crisis hit developing countries and the world's poor hard. Adding to this crisis are the direct and indirect impacts of the global financial crisis and the resultant global economic recession in major industrial economies. Both oil and food prices have now come down from the peaks seen in the first half of the year. As of October 2008, oil prices in particular were less than half the ...

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