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Living With High Prices

Books, Periodicals, Studies, and Reports

ISBN: 978-971-561-xxx-x
Publication Date: May 2008
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World commodity prices have risen strongly in recent years, pushed up by structural changes in the world economy. The extent of the increase, and the likelihood that prices will stay high for some time, call for a policy response in the Pacific. This Policy Brief examines how public policy in the Pacific Islands could respond to the high prices. It examines what high prices mean for the region: who will lose and who will gain. It examines how governments and development partners could lessen the adverse impact of high prices for crude oil, rice, and wheat. The Policy Brief also looks at what could be done to realize the benefits that high prices offer to growers of local food and the now higher priced tree crops.

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Contents

  1. Summary
  2. Commodity Prices Have Risen Dramatically
  3. Drivers of High World Prices
  4. Prices in the Pacific
  5. Winners and Losers
  6. Adjusting to High Prices

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