markets
Economics and the Disregard of Reality
Two articles on economics from leading development economists, one from the last century and another from our times, show the state of economics and the direction it should take if it is to help solve our problems, rather than simply becoming an ideological battleground.
Revisiting WFP’s Purchase for Progress
The WFP’s Purchase for Progress has been called an innovation in food aid that promises to raise farmers incomes too. Yet, as the CGDev points out, there are unintended consequences that have been overlooked. What is the impact on the local consumer?
WFP’s Purchase for Progress: How Far Should It Go?
The World Food Programme received USD 76 million for its Purchase for Progress program. P4P holds substantial promise to raise farmers income in the South by purchasing locally. The true promise, however, is not that it will raise incomes, but that it can create better food markets. Question is, will P4P go far enough?
High Food Prices: An Opportunity for the WFP
Current high food prices illustrate deep-rooted problems all along the agricultural supply chain, rather than simply demand-supply imbalances. Given its inefficiencies, it is best to bypass that system – and the WFP is in the enviable position of being able to do so.
