From parastatals to private trade: Lessons from Asian agriculture

In developing countries across Asia, food marketing parastatals have played an important role in agricultural policy, especially with regard to government efforts to stabilize food prices. Three broad market failures constitute the primary arguments for this form of government intervention: a lack o...

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Detalles Bibliográficos
Autores principales: Rashid, Shahidur, Gulati, Ashok, Cummings, Jr., Ralph
Formato: Libro
Lenguaje:Inglés
Publicado: International Food Policy Research Institute 2008
Materias:
Acceso en línea:https://hdl.handle.net/10568/158505
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author Rashid, Shahidur
Gulati, Ashok
Cummings, Jr., Ralph
author_browse Cummings, Jr., Ralph
Gulati, Ashok
Rashid, Shahidur
author_facet Rashid, Shahidur
Gulati, Ashok
Cummings, Jr., Ralph
author_sort Rashid, Shahidur
collection Repository of Agricultural Research Outputs (CGSpace)
description In developing countries across Asia, food marketing parastatals have played an important role in agricultural policy, especially with regard to government efforts to stabilize food prices. Three broad market failures constitute the primary arguments for this form of government intervention: a lack of market integration stemming from inadequate infrastructure, the absence or inadequacy of risk-mitigating institutions and markets, and the need to protect the world's poorest communities from a volatile global market. Opponents of such public intervention schemes claim that the old rationales are no longer convincing, that the programs are not cost-effective and do not allocate resources optimally, and that private institutions are strong enough to take over many of the functions traditionally performed by parastatals. In From Parastatals to Private Trade, the editors—clearly from the latter camp—pose three general questions: Why must parastatal-centered policies in Asia change, when should policy changes occur, and how should such change happen: gradually or abruptly? Experts in agricultural policy use case studies from South Asia (Bangladesh, India, and Pakistan) and East Asia (Indonesia, the Philippines, and Vietnam) to answer these questions; and a concluding chapter synthesizes these countries' experiences with price stabilization programs. In light of the evidence—which indicates that parastatals played important roles in the past but have become overly expensive, and that reduced intervention can promote competition, help develop alternative institutions, and release funds for development and antipoverty programs without jeopardizing price stability—the editors highlight the challenges ahead and propose suggestions for reforming the existing paradigm for price-related policies. This volume provides valuable analyses for anyone concerned with balancing government intervention with market-friendly policies.
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spelling CGSpace1585052025-11-06T04:09:11Z From parastatals to private trade: Lessons from Asian agriculture Rashid, Shahidur Gulati, Ashok Cummings, Jr., Ralph prices price stabilization green revolution agricultural policies parastatals risk management private sector institutions cost benefit analysis markets wheat international trade grain crops In developing countries across Asia, food marketing parastatals have played an important role in agricultural policy, especially with regard to government efforts to stabilize food prices. Three broad market failures constitute the primary arguments for this form of government intervention: a lack of market integration stemming from inadequate infrastructure, the absence or inadequacy of risk-mitigating institutions and markets, and the need to protect the world's poorest communities from a volatile global market. Opponents of such public intervention schemes claim that the old rationales are no longer convincing, that the programs are not cost-effective and do not allocate resources optimally, and that private institutions are strong enough to take over many of the functions traditionally performed by parastatals. In From Parastatals to Private Trade, the editors—clearly from the latter camp—pose three general questions: Why must parastatal-centered policies in Asia change, when should policy changes occur, and how should such change happen: gradually or abruptly? Experts in agricultural policy use case studies from South Asia (Bangladesh, India, and Pakistan) and East Asia (Indonesia, the Philippines, and Vietnam) to answer these questions; and a concluding chapter synthesizes these countries' experiences with price stabilization programs. In light of the evidence—which indicates that parastatals played important roles in the past but have become overly expensive, and that reduced intervention can promote competition, help develop alternative institutions, and release funds for development and antipoverty programs without jeopardizing price stability—the editors highlight the challenges ahead and propose suggestions for reforming the existing paradigm for price-related policies. This volume provides valuable analyses for anyone concerned with balancing government intervention with market-friendly policies. 2008 2024-11-04T19:32:40Z 2024-11-04T19:32:40Z Book https://hdl.handle.net/10568/158505 en Open Access application/pdf International Food Policy Research Institute Rashid, Shahidur; Gulati, Ashok and Cummings, Jr., Ralph. (Eds.) 2008. From parastatals to private trade: Lessons from Asian agriculture. Baltimore, MD: International Food Policy Research Institute. http://books.google.com/books/about/From_Parastatals_to_Private_Trade.html?id=cdYSAQAAIAAJ http://www.amazon.com/From-Parastatals-Private-Trade-International/dp/0801888158
spellingShingle prices
price stabilization
green revolution
agricultural policies
parastatals
risk management
private sector
institutions
cost benefit analysis
markets
wheat
international trade
grain crops
Rashid, Shahidur
Gulati, Ashok
Cummings, Jr., Ralph
From parastatals to private trade: Lessons from Asian agriculture
title From parastatals to private trade: Lessons from Asian agriculture
title_full From parastatals to private trade: Lessons from Asian agriculture
title_fullStr From parastatals to private trade: Lessons from Asian agriculture
title_full_unstemmed From parastatals to private trade: Lessons from Asian agriculture
title_short From parastatals to private trade: Lessons from Asian agriculture
title_sort from parastatals to private trade lessons from asian agriculture
topic prices
price stabilization
green revolution
agricultural policies
parastatals
risk management
private sector
institutions
cost benefit analysis
markets
wheat
international trade
grain crops
url https://hdl.handle.net/10568/158505
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