Cookies Policy
X

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Full Access Does Government Intervention Matter? Revisiting Recent Rice Price Increases in Bangladesh

No metrics data to plot.
The attempt to load metrics for this article has failed.
The attempt to plot a graph for these metrics has failed.
The full text of this article is not currently available.

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Does Government Intervention Matter? Revisiting Recent Rice Price Increases in Bangladesh

  • PDF
Add to Favorites
You must be logged in to use this functionality

For more content, please see Journal of Developing Societies.

AbstractThe specter of food crisis is haunting the world again in 2011. This comes after a short period of decline in food prices since they peaked in the summer of 2008. The addition of seven point five million people during the 2007-08 food crisis with the estimated food insecure population of sixty-five point three million in Bangladesh (FAO/WFP 2008) underlines the magnitude of food insecurity in the country. In this article I trace the volatility in Bangladesh’s rice market since the 2007-8 food crisis in terms of the country’s deregulation of agricultural sector and the gradual elimination of market regulatory mechanisms. I demonstrate that despite Bangladesh’s relatively minor dependence on the international rice market and a steady domestic supply, the lack of strong government regulation and monitoring of the market resulted in irrational rice-price increases. I argue that the alleged connections between the domestic and the international rice markets are largely hypothetical, and therefore the domestic price increases must be analyzed in terms of internal management of the market. The methodology of this article involves critical review of literature and data collected from secondary sources. Referring to Stiglitz I conclude that the Bangladesh rice market is far from developed and thus warrants a strong regulatory regime.

Affiliations: 1: University of Alberta Edmonton Canada, Email: mmanoj@ualberta.ca, URL: http://www.w3.org/1999/xlink

10.1163/156914912X620770
/content/journals/10.1163/156914912x620770
dcterms_title,pub_keyword,dcterms_description,pub_author
6
3
Loading
Loading

Full text loading...

/content/journals/10.1163/156914912x620770
Loading

Data & Media loading...

1. Ahmed S. , Sattar Z. " Trade liberalization, growth and poverty reduction: the case of Bangladesh. " South Asia Region Internal Discussion Paper Report No IDP-190 2003 Washington, DC World Bank
2. Alexandratos N. "“Food price surges: possible causes, past experience, and longer term relevance”" Population and Development Review 2008 Vol 34 4 663 697 http://dx.doi.org/10.1111/j.1728-4457.2008.00245.x
3. Bangladesh Bank Major Economic Indicators: Monthly Update (Volume 5) 2009 Dhaka Bangladesh Bank
4. Bangladesh Bureau of Statistics (BBS) Bangladesh Population Census 2001 2004 Dhaka Ministry of Planning
5. Bangladesh Bureau of Statistics (BBS) Statistics Bangladesh 2006 Dhaka Ministry of Planning
6. Bangladesh Bureau of Statistics (BBS) Report of the Household Income and Expenditure Survey 2007 Dhaka Ministry of Planning
7. Bangladesh Bureau of Statistics (BBS) Statistical Pocket Book of Bangladesh 2008 2009 Dhaka Ministry of Planning
8. Bangladesh Center for Policy Dialogue (CPD) Price of Daily Essentials: A Diagnostic Study of Recent Trends 2007 Dhaka CPD
9. Bangladesh Center for Policy Dialogue (CPD) State of the Bangladesh Economy in the run-up to the National Election 2008 2008 Dhaka CPD
10. Bello W. , Baviera M. "“Food wars”" Monthly Review 2009 Vol 61 3
11. Bose M. , Dey M. "“Food and Nutrition Security in Bangladesh: Going Beyond Carbohydrate Counts”" Agricultural Economics Research Review 2007 Vol 20 2 203 225
12. Clapp J. "“Food Price Volatility and Vulnerability in the Global South: considering the global economic context”" Third World Quarterly 2009 Vol 30 6 1183 1196 http://dx.doi.org/10.1080/01436590903037481
13. Deb U. " Boro Procurement and Food Security Strategy: An Actionable Agenda " Paper Presented at CIRDAP Auditorium on April 21 2008 Retrieved from .
14. Dorosh P. "“Trade, food aid and food security. evolving rice and wheat markets”" Economic and Political Weekly 2004 Vol 29 4033 4042
15. Dorosh P. , Ninno C. D. "“A food crisis: private imports and public targeted distribution in Bangladesh after the 1998 flood”" Agricultural Economics 2001 Vol 25 337 346 http://dx.doi.org/10.1016/S0169-5150(01)00090-1
16. Food and Agriculture Organization (FAO) World Food Summit: Rome declaration on world food security and World Food Summit plan of action. 1996 Rome FAO Retrieved from .
17. Food and Agriculture Organization (FAO) The state of food insecurity in the world: high food prices and food security—threats and opportunities 2008 Rome FAO
18. Food and Agriculture Organization/World Food program (FAO/WFP) FAO/WFP Crop and Food Supply Assessment Mission to Bangladesh: Special Report 2008 Rome FAO/WFP Retrieved from .
19. Fuel prices hiked again by 16-21pc. The Daily Star 2007 April 3 Vol 5 1009 Retrieved from
20. Ghosh J. "“The Unnatural Coupling: Food and global finance”" Journal of Agrarian Change 2010 Vol 10 1 72 86 http://dx.doi.org/10.1111/j.1471-0366.2009.00249.x
21. Government of Bangladesh National Food and Nutrition Policy 1997 Dhaka Ministry of Health and Family Welfare
22. Government of Bangladesh National Agriculture Policy 1999 Dhaka Ministry of Agriculture
23. Government of Bangladesh Bangladesh: A National Strategy for Economic Growth, Poverty Reduction and Social Development 2003 Dhaka Economic Relations Division
24. Government of Bangladesh The Constitution of the People’s Republic of Bangladesh 2004 Dhaka Retrieved from
25. Government of Bangladesh Unlocking the Potential National Strategy for Accelerated Poverty Reduction 2005 Dhaka Ministry of Planning
26. Government of Bangladesh National Food Policy 2006 Dhaka Ministry of Food and Disaster Management
27. Government of Bangladesh Handbook of Agricultural Statistics 2009 Dhaka Ministry of Agriculture Retrieved from
28. High Commission of India "“Message from H.E. Mr. Pinak Ranjan Chakravarty”" Bharat Bichitra 2008 Vol 3 12
29. Klugman P. A Sourcebook for Poverty Reduction Strategies, Volume 1 Core Techniques and Cross-Cutting Issues 2002 Washington, DC World Bank
30. Klytchnikova I. , Diop N. " Trade reforms, farm productivity, and poverty in Bangladesh " World Bank Policy Research Working Paper No 3980 2006 Washington, DC World Bank
31. McMichael P. "“The world food crisis in historical perspective”" Monthly Review 2009 Vol 61 3 http://dx.doi.org/10.14452/MR-061-03-2009-07_3
32. NFPCSP " National food policy from formulation to plan of action: A review of food security-related policies " "Working Paper # 1" 2007 Retrieved from
33. Ninno C. d. " The Case of Bangladesh " Work Shop on Food and Energy Price Increases and Policy Options 2008 World Bank Retrieved from
34. Octane now Tk 90, diesel Tk 55 The Daily Star 2008 July 1 Retrieved from
35. Onis Z. , Senses S. "“Rethinking the emergence of Post-Washington Consensus”" Development and Change 2005 Vol 36 2 263 290 http://dx.doi.org/10.1111/j.0012-155X.2005.00411.x
36. Organisation for Economic Co-operation and Development (OECD) " Rising agricultural prices: causes, consequences and responses " OECD Observer Policy Brief 2008 Washington, DC OECD Retrieved from
37. Parvez S. "“Pricier the rice, longer the queue”" The Daily Star 2011 January 16 Retrieved from
38. Patnaik U. "“Origins of the food crisis in India and developing countries”" Monthly Review 2009 Vol 61 3 http://dx.doi.org/10.14452/MR-061-03-2009-07_5
39. Sen A. Poverty and Famines: An Essay on Entitlement and Deprivation 1981 Oxford Clarendon Press
40. Singh S. "“Global food crisis: magnitude, causes and policy measures”" International Journal of Social Economics 2009 Vol 36 1/2 23 36 http://dx.doi.org/10.1108/03068290910921163
41. Stiglitz J. Joseph Stiglitz and the World Bank: The Rebel Within 2001 London Anthem Press
42. Stiglitz J. Serra N. , Stiglitz J. "Is there a post-Washington Consensus Consensus?" The Washington Consensus Reconsidered: Towards a New Global Governance 2008 New York Oxford University Press 41 56 http://dx.doi.org/10.1093/acprof:oso/9780199534081.003.0004
43. Swan S. H. , Hadley S. , Cichon B. "“Crisis behind closed doors: global food crisis and local hunger”" Journal of Agrarian Change 2010 Vol 10 1 107 118 http://dx.doi.org/10.1111/j.1471-0366.2009.00252.x
44. United Nations Development Program (UNDP) Human Development Report: Fighting Climate Change Human Solidarity in a Divided World 2007-08 New York UNDP
45. United Nations World Food Programme and Partners Food Security Assessment: SIDR Cyclone-Bangladesh 2007 WFP Retrieved from
46. Warr P. , Ahammad H. "“Food Aid, Food Policy and the Uruguay Round: Implications for Bangladesh”" Agricultural Economics 1997 Vol 15 69 85 http://dx.doi.org/10.1016/S0169-5150(96)01203-0
47. World Bank " Agricultural growth and rural poverty dynamics: a regional perspective. " South Asia Rural Development Unit Draft Report 2002 Washington, DC World Bank
48. World Bank Rising Food Prices: Policy Options and World Bank Response 2008 Washington DC World Bank Retrieved from
http://brill.metastore.ingenta.com/content/journals/10.1163/156914912x620770
Loading
Loading

Article metrics loading...

/content/journals/10.1163/156914912x620770
2012-01-01
2016-12-11

Sign-in

Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Subscribe to ToC alert
  • Subscribe to Citation alert
  • Get permissions
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
     
    Perspectives on Global Development and Technology — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation