Effects of Global Economic Slowdown on Rice Food Security in Asia

This paper analyzed the impact of economic slowdown on rice consumption in Asia using a partial equilibrium model following the assumptions of a decline in income and constant world oil prices. Simulation results suggested that with a 5% drop in real per capita GDP and constant world oil prices, rice consumption in Asia would increase. However, the overall increase in rice consumption due to decline in income is pulled down by positive income elasticity in Bangladesh, Cambodia, Myanmar, Pakistan and the Philippines