Syndicate content

Agriculture and Rural Development

Does Collusion Exist in Bangladesh’s Commodity Markets?

Zahid Hussain's picture

Co-authored with FARRIA NAEEM

There is widespread belief among Bangladeshi media, civil society and think tanks that collusion exists in the supply chain of many essential commodities, and many blamed this for the price hike in the first half of 2008. Keeping prices low is a high priority for the government. It is therefore important to measure the presence of market collusion through empirical evidence and design appropriate policy responses to mitigate its impact on prices in order for the government to continue to meet its election promise.

Bangladesh is a net importer of major food items. In the absence of market influences and duties, domestic and international prices are expected to be similar. The convergence may not be exact due to transportation and taxation costs but price should follow similar trends as movements of international commodity prices do not of domestic and international markets do not often vary.

We examine and compare the co-mol prices of four essential food items (coarse rice, flour (atta), salt and soybean oil) over time to look for signs of market influences.

Agricultural trade, global warming, and development: Part 1 Can global warming thaw the Doha negotiations?

John Nash's picture

As we approach a critical phase in the negotiations regarding climate change, and continue to grope for a way forward in the Doha Round negotiations, it seems to me to be worth emphasizing the multi-faceted linkages between a liberalized trade regime and climate change. Some of these linkages have received fairly extensive attention.  For example, it is widely recognized that trade barriers to movement of low-carbon technology need to be kept low, and this is being addressed (although some might think inadequately) under the rubric “trade in environmental services” in the Doha Round negotiations. But other connections have received, IMHO, a level of attention that grossly undervalues their potential to contribute to objectives on either the trade side or the climate change side, or both. This is especially true in the realm of agriculture.

2 weeks to Go!

Aaron Leonard's picture

Dear readers,

Proposals for the 2009 Global Development Marketplace are due in 2 weeks! There is still plenty of time to apply. We hope you take advantage and submit your idea today. The competition, funded by the GEF and other DM partners, aims to dentify 20 to 25 innovative, early-stage projects addressing climate adaptation. Winning projects receive up to US$200,000 in grant funding for implementation over two years.

The competition focuses on three sub-themes: 
  1) Resilience of Indigenous Peoples' Communities to Climate Risks
  2) Climate Risk Management with Multiple Benefits
  3) Climate Adaptation and Disaster Risk Management

For more information and to apply, visit our website at www.developmentmarketplace.org. The application deadline is May 18, 2009.

www.developmentmarketplace.org

Bank President unveils plans to deal with fallout of economic crisis

Angie Gentile's picture

World Bank President Robert B. ZoellickSpeaking at a news conference this morning ahead of the start of the World Bank/IMF Spring Meetings, Bank President Robert B. Zoellick hit on the need to address the second and third waves of economic fallout being felt in developing countries.

“First and foremost we need to ensure that we don’t repeat the mistakes of the past. When financial crises hit Latin America in the 1980s and in Asia in the 1990s…basic health, nutrition and education budgets were cut back severely. This time we must ensure that governments can protect targeted social expenditures and finance effective safety nets,” Zoellick said.

Nor can infrastructure be neglected, he said, citing the long-term negative consequences of slashing infrastructure investment during past crises. To help promote investment in roads, electricity, telecommunications, etc.--as a means of creating jobs and spurring economic growth--Zoellick said the Bank is planning a massive infrastructure initiative, to be formally launched on Saturday.

Zoellick also highlighted the Bank’s plans to boost support for agriculture—increasing lending from $4 billion in 2008 to $12 billion over the next two years to help ensure food security.

    

See more photos at the Spring Meetings 2009 Flickr set.

Watch President Zoellick's opening remarks at the news conference below:

Laos' economy less affected by crisis, but sustaining growth a challenge

Katia Vostroknutova's picture

With a relatively unsophisticated economy that is agriculture- and natural resource-based, Laos has been affected by the crisis less than some neighboring countries.

Seeing the financial crisis: What might contraction look like in Cambodia?

Stéphane Guimbert's picture

Declining revenue of tuk-tuk drivers in Cambodia shows even the informal sector isn't insulated.
Growth forecasts in Cambodia are generating a fair bit of confusion. Many simply question whether it is possible for GDP growth to be lower in 2009 than in the past 15 years.

The World Bank today launches its projection of a 1 percent contraction of the Cambodian economy. This is based on an analysis of available statistics and feedback from a range of economic actors. Yet, to most of my Cambodian friends, it remains hard to conceive.

It is true that "seeing" such a contraction will be difficult. Basically, what it means is that economic activity in 2009 will be pretty much the same as in 2008. So the fact that we continue to have traffic jams in Phnom Penh, see tourists at the Royal Palace, and hear construction machines in many residential areas is consistent with such a projection. What will change, though, is that incomes will not increase this year as fast as past years and it will also become more difficult for the 250,000 young people leaving school each year to find their first job. What also will be different is that with no growth in aggregate, there will be a proportion of those with a livelihood at the end of the year worse than at the beginning.

Conflict, Displacement, and pro-poor Adaptation

Rasmus Heltberg's picture

Migration is the default adaptation strategy of the poor.

Rising sea levels, more frequent flooding, and droughts could displace millions of people by the middle of the century. And if the predictions of sharply declining agricultural productivity come true, farmers will to an increasing extent abandon rural areas in search of new livelihoods.  

New Rural Livelihoods Web site!

Melissa Williams's picture

We've launched a new Web site!  Yes, even though there are over 100 million Web sites on the Internet, we decided to add one more:

http://www.worldbank.org/rurallivelihoods

And we hope it will be quite useful to those who are interested in designing programs to support rural livelihoods.  Now, please keep in mind that this is a young Web site (just an infant, really), and it will be growing and maturing over the next several months.


Pages