Enhancing ASEAN Resiliency to Extreme Rice Price Volatility
Clarete, Ramon L. | August 2012
Abstract
Rice crises involve sharp changes of prices that cause substantial adjustment costs in the economy, including financial losses and hunger. In this paper, University of the Philippines School of Economics Dean Ramon Clarete assesses the capacity of member countries of the Association of Southeast Asian Nations (ASEAN) to avoid or mitigate the risk of extreme swings in rice prices. Using the Riceflow model, the impact on ASEAN countries of a possible decline of rice outputs in the People’s Republic of China and India is simulated. He posits that the ASEAN region is less vulnerable to extreme rice price volatility if it pursues a deeper trade strategy. From several proposals put forward, a framework is suggested that comprises rice trade, rice stocks, and market information and intelligence. The key is building confidence in trade to enhance the region’s resiliency to volatile rice prices and thereby help ensure food security.
Citation
Clarete, Ramon L.. 2012. Enhancing ASEAN Resiliency to Extreme Rice Price Volatility. © Asian Development Bank. http://hdl.handle.net/11540/1379. License: CC BY 3.0 IGO.Keywords
Asian Development Bank
Development
Trade
Development Goals
Skills Development
Sustainable Development
Trade Flows
Trade And Development
Food Security And Trade
Development assistance
ADB
Curriculum development
Development assistance
Development aid
Development indicators
Development potential
Development models
Project appraisal
Performance appraisal
Regional development bank
Trade development
Import volume
Export volume
Capital
Business
Communication in rural development
Social participation
Occupational training
Partnership
Joint venture
System analysis
Labor and globalization
Labor policy
Regional trading blocs
Foreign trade and employment
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