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Food Subsides, Growth And Poverty A Critique On Neoliberal Institutional Structure

Date Added: Oct 2009
Format: PDF

The relationship among payment style of subsidies, economic growth and poverty is a matter of challenge among economists and policy makers. Neoliberal Institutional Structure in framework of what is called "Washington Consensus" and "Structural adjustment policies and economic stabilization" argues on economic advantages of removing food general subsidies so necessity of replacing a most liberalized food markets with regulated food security policy. This paper gives a historical background of this approach and criticizes its policy recommendation and shows' following it has led to a deep crisis in global food market in 2007 with sharply rising of poverty and dying of some people around the world due to lacking of access to food.