ASEAN Food Reserve and Trade: Review and Prospect

Public food reserves come back into the policy agenda as a result of huge doubts on the reliability of international trade in the current new era of price instability. In addition to national food reserve, ASEAN countries are among the pioneer in establishing food reserve cooperation at the regional level. This study reviews ASEAN food reserve and trade in the cost and benefit framework. Although food reserve has contributed to the economic successes in the region, the operational cost for such policy is high. We show that regional cooperation through risk sharing can significantly reduce the fiscal costs of holding stocks. Moreover, ASEAN countries and their partners can consider to enlarge the cooperation by involving more countries.


Issue Date:
2015
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/212508
Total Pages:
26
JEL Codes:
F13; F15; Q17; Q18




 Record created 2017-04-01, last modified 2017-08-28

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