1071. The Impact of Russia's 2010 Grain Export Ban
- Author:
- George Welton
- Publication Date:
- 06-2011
- Content Type:
- Working Paper
- Institution:
- Oxfam Publishing
- Abstract:
- One of the key factors in global food price volatility is the way that states react to disruptions in supply. There is a strong inclination for exporters to impose export bans in reaction to potential food price increases in their own country. This reaction, however, is a poor strategy for managing food prices at home and has a range of unintended consequences for the domestic and international economy. In general, export bans exacerbate problems created by interruptions in food production and may damage incentives to increase production at home long - term.
- Topic:
- Agriculture, Markets, and Food
- Political Geography:
- Russia