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book chapter

Political calculations in subsidizing food

The role of the state in providing food subsidies to consumers has a long though sometimes ignoble history. In ancient Egypt, wheat prices were maintained by government storage schemes (chapter 13), and the value of cheap, ample food supplies for…

book chapter

Fiscal cost and welfare effects of the maize subsidy

The Mexican government has been involved in regulating the prices of staples since the 1930s.1 Formally, the dual objectives of this long-standing intervention have been to protect the rural campesinos (peasants) against speculators and drastic…

book chapter

Costs and benefits of food subsidies in India

Government interventions in foodgrain markets have existed in India in one form or another for about four decades, starting during the Second World War. Because supplies from Burma were cut off during the war, price controls and movement restrictions…

book chapter

Food subsidy changes in Sri Lanka: The short-run effect on the poor

When a basic needs approach began to be emphasized in development economics, Sri Lanka gained much prominence due to its long-standing involvement in broad social welfare policies.1 Long before the advent of the basic needs approach, Sri Lanka had…

book chapter

Food subsidies in Egypt: Macroeconomic and trade implications

The principal theme of this chapter is the implications of the Egyptian food subsidies for such macroeconomic measures as nonfarm output, the government's budget, inflation, the exchange rate, and the balance of payments. There is, however, an…