Introduction and Overview



There is growing global concern over the increase in the levels and volatility of world food and energy commodity prices and, in turn, their ramifications for food security and energy security, particularly amongst the poor. This inevitable link has deepened with the financialisation of commodity markets whereby investments in the latter reflect primarily a financial motive without adequate reflection of the fundamental conditions of demand and supply in commodity markets (Shome, Political economy of debt accumulation and fiscal adjustment in a financial crisis in Mohanty D (ed), Monetary policy, sovereign debt and financial stability: the new Trilemma, Cambridge University Press, New Delhi, 2013a). As a result there is also a concern over the extent to which the prices in food and energy markets reflect their actual availability in world markets. In turn, the absence of appropriate linkages might turn out to be inadvertent constraints on inflation and growth in particular in emerging and developing economies (EDEs).


Foreign Direct Investment Food Security Commodity Price Price Volatility Commodity Market 
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Copyright information

© Indian Council for Research on International Economic Relations (ICRIER) 2015

Authors and Affiliations

  1. 1.Tax Administration Reform Commission (TARC)Government of IndiaNew DelhiIndia
  2. 2.Indian Council for Research on International Economic RelationsIndia Habitat CentreNew DelhiIndia

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