Propelled by urbanization,rising incomes,and changing diets,food markets have been expanding in Africa and South Asia,creating the vast potential for job and income opportunities along food supply chains and,hence,for...Propelled by urbanization,rising incomes,and changing diets,food markets have been expanding in Africa and South Asia,creating the vast potential for job and income opportunities along food supply chains and,hence,for poverty reduction.The novel coronavirus(COVID-19)that spread to a pandemic in early 2020 provokes enormous setbacks to this expansion.This,however,should provide lessons regarding the importance of resilient and inclusive food systems.Emergency responses to COVID-19 should consider interventions towards that end and leverage the opportunities provided by food markets growth as economies recover from the present economic recession.This paper assesses options of how this could be done by facilitating the better functioning and interconnectedness of the many small and medium-sized enterprises that are proliferating along the"hidden middle"of food value chains in storage,logistics,transportation,and wholesale and retail distribution.It also explores how policies can help smallholder farmers connect to this"hidden middle"in more gainful ways and help them climb out of poverty as well.展开更多
Our study shows that China could contribute to an orderly global rebalancing using a package of policies to stimulate its domestic consumption. These policies include a progressive appreciation of the RMB, fiscal stim...Our study shows that China could contribute to an orderly global rebalancing using a package of policies to stimulate its domestic consumption. These policies include a progressive appreciation of the RMB, fiscal stimulation by increasing expenditure on education, health care, social safety nets and poverty reduction, income policies to reduce inequality and to strengthen wage income, and reforms of the financial system to improve financial efficiency and to mitigate financial constraints. By implementing such policies, China＇ s external surplus could be narrowed and its domestic imbalances improved. The excessively high savings rate could be lowered and the share of household consumption increased, even though GDP growth would moderate slightly.展开更多
基金supported by the Consultative Group on International Agricultural Research(CGIAR)research program on Policies,Institutions and Markets(PIM)Food and Agriculture Organization of the United Nations。
文摘Propelled by urbanization,rising incomes,and changing diets,food markets have been expanding in Africa and South Asia,creating the vast potential for job and income opportunities along food supply chains and,hence,for poverty reduction.The novel coronavirus(COVID-19)that spread to a pandemic in early 2020 provokes enormous setbacks to this expansion.This,however,should provide lessons regarding the importance of resilient and inclusive food systems.Emergency responses to COVID-19 should consider interventions towards that end and leverage the opportunities provided by food markets growth as economies recover from the present economic recession.This paper assesses options of how this could be done by facilitating the better functioning and interconnectedness of the many small and medium-sized enterprises that are proliferating along the"hidden middle"of food value chains in storage,logistics,transportation,and wholesale and retail distribution.It also explores how policies can help smallholder farmers connect to this"hidden middle"in more gainful ways and help them climb out of poverty as well.
文摘Our study shows that China could contribute to an orderly global rebalancing using a package of policies to stimulate its domestic consumption. These policies include a progressive appreciation of the RMB, fiscal stimulation by increasing expenditure on education, health care, social safety nets and poverty reduction, income policies to reduce inequality and to strengthen wage income, and reforms of the financial system to improve financial efficiency and to mitigate financial constraints. By implementing such policies, China＇ s external surplus could be narrowed and its domestic imbalances improved. The excessively high savings rate could be lowered and the share of household consumption increased, even though GDP growth would moderate slightly.
