Impacts of Financial, Food, and Fuel Crisis on the Urban Poor

The effects of the recent financial crisis are only beginning to be felt in many developing countries, but economic activity is declining rapidly with far reaching impacts. This crisis comes at a time when most countries are still struggling with t...

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Bibliographic Details
Main Author:	Baker, Judy L.
Format:	Brief
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	AGRICULTURAL PRODUCTION AGRICULTURE AIR AUTOMOTIVE INDUSTRY BASIC EDUCATION BUTTER CA CASH TRANSFERS CHEMICAL FERTILIZERS COMMUNITY DEVELOPMENT COMMUNITY INFRASTRUCTURE DEVELOPING COUNTRIES ECONOMIC GROWTH EDUCATIONAL ATTAINMENT ELDERLY ENVIRONMENTAL SUSTAINABILITY EXTREME POVERTY FINANCIAL SERVICES FLOUR FOOD DISTRIBUTION FOOD PRICES FOOD PRODUCTS FOOD RIOTS FOOD STAMPS FRUIT FUEL FUEL PRICES FUELS FUTURE GENERATIONS GASOLINE GENDER DISPARITY HEAVY RELIANCE HUMAN CAPITAL HUMAN DEVELOPMENT IMMIGRANTS INCOME INCOME DISTRIBUTION INCOME SUPPORT INDOOR AIR POLLUTION INFORMAL SETTLEMENTS IRRIGATION JOB LOSSES LOW INCOME MALNUTRITION MIGRANTS MIGRATION MUNICIPAL GOVERNMENT NATIONAL LEVEL NEW POOR NUTRITION ON URBAN POVERTY POOR POOR AREAS POOR WOMEN POVERTY REDUCTION PUBLIC INFRASTRUCTURE PUBLIC WORKS REMITTANCE REMITTANCES RICE RURAL RURAL AREAS RURAL EMPLOYMENT SAFETY SAFETY NETS SANITATION SLUM UPGRADING SOCIAL IMPACTS SOCIAL SAFETY NETS SOCIAL UNREST TARGETING TRANSPORT TRANSPORT COSTS TRANSPORTATION TRANSPORTATION SERVICES UNEMPLOYMENT UNEMPLOYMENT RATE URBAN AGRICULTURE URBAN AREAS URBAN DEVELOPMENT URBAN HOUSEHOLDS URBAN NEIGHBORHOODS URBAN POOR URBAN POPULATION URBAN POVERTY URBAN RESIDENTS VEGETABLES VULNERABLE GROUPS
Online Access:	http://documents.worldbank.org/curated/en/2008/12/10208527/impacts-financial-food-fuel-crisis-urban-poor http://hdl.handle.net/10986/10263

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Summary:	The effects of the recent financial crisis are only beginning to be felt in many developing countries, but economic activity is declining rapidly with far reaching impacts. This crisis comes at a time when most countries are still struggling with the impacts of rising food and fuel prices. Though global food and fuel prices have softened somewhat in recent months from the highs earlier in 2008, there has been much volatility and they are anticipated to remain high over the medium term. It is estimated that the high food and fuel prices alone have increased the number of extremely poor in the world by at least 100 million. While impacts of the crises affect both urban and rural populations, the urban poor have been hit hardest in this recent food and fuel crisis, and in previous financial crisis, given their heavy reliance on the cash economy, no agricultural production to fall back on, and wage reductions and employment losses at urban based industries. This has resulted in social unrest in a number of cities earlier in 2008 all over the developing world.

Impacts of Financial, Food, and Fuel Crisis on the Urban Poor

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