Public Interventions in Agricultural Markets in Malaysia

Rice and Palm Oil

Bibliographic Data

ID3629704
AuthorsJames Pletcher (Denison University, corresponding author)
Year1990
Volume24
Issue2
Pages323-340
Publication date1990-05-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueModern Asian Studies (JOURNAL)
Journal identifiersISSN: 0026-749X • E-ISSN: 1469-8099
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0026749x00010349
OpenAlexW2156837681
LanguageEN
Citations received5
References cited8

This paper explores the goals, nature and results of government interventions into the rice and palm oil markets of Malyasia since independence. Its purpose is to compare the relatively successful way in which the government has promoted the palm oil industry with the failure of interventions in the rice market. The historical comparison of public efforts in these two industries points up the importance of setting consistent goals, of encouraging crops which match the natural resource endowment of the country, of having a private sector which is capable of responding to production incentives, and of letting supply and demand determine prices when designing a strategy of market intervention. Above all, it is important to distinguish programs of intervention based primarily on efficiency criteria from those which seek to perform social welfare (e.g. income support) and political (e.g. food security) functions as well

Agricultural science · Agriculture · Business · Economic growth · Economic interventionism · Economics · Endowment · Food security · Government (linguistics · Incentive · Independence (probability theory · Intervention (counseling · Market economy · Market failure · Natural resource · Palm oil · Politics · Private sector · Psychological intervention · Welfare · Oil Palm Production and Sustainability

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