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Food Security Policy in a Stochastic World

  • Author(s): Adelman, Irma
  • Berck, Peter
  • et al.
Abstract

Food security may be increased by variance-reducing strategies, by food aid, or by development strategies. This paper uses a Korea CGE model, subjected to random fluctuation in world-prices and domestic food productivity, to evaluate these policies. We find that poverty-reducing development strategies are the most effective food-security strategies.

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