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Inflation has been a major factor affecting the rate of development in most if not all countries of the world. It increases uncertainty of investment and affects the welfare of all citizens, especially those in the lower income strata. Thus, the possibility that inflation may result from shipments of food to nations under a program established partially to improve the welfare of low income people and encourage economic development raises serious questions. Since it is of such a serious nature, economic analysis is required (1) to define the economic relationships involved in food aid shipments to allow a clear understanding of these processes, and (2) to outline ways of counteracting any inflationary tendencies and pressures if they exist.
Center for Agricultural and Economic Development, Iowa State University
Agricultural and Resource Economics | Agricultural Economics | Natural Resource Economics | Natural Resources Management and Policy
Center for Agricultural and Economic Development, Iowa State University and Srivastava, Uma K., "Impact of P.L. 480 aid on India's money supply and external debt-service obligations: a look ahead" (1972). CARD Reports. 48.