Unformatted text preview: implications (1) problem of market incompleteness in food markets likely to be widespread in poor countries (2) where markets are underdeveloped, having access to land enables house-holds to avoid hunger both by providing them with a source of income but also by providing them with a “cheaper” source of calories relative to the market. (3) market development will make access to land less important for achiev-ing suf±cient calorie consumption – happening rapidly (4) removal of procurement system or raising of procurement prices would be bene±cial (5) results help us to understand how China has managed to escape the high levels of hunger which typify low income countries (see Table 3 and 4) Development Economics, LSE Summer School 2007 95...
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- Spring '10
- Economics, Economics terminology, low income countries, calorie consumption