What is it about?
This article is about examining the impact of removing price controls and an import monopoly on rice prices and self-sufficiency levels in Malaysia and also exploring policy alternatives that can reduce the trade-off between rice prices and self-sufficiency levels as a result of market liberalization in Malaysia.
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Why is it important?
The findings show that paddy import strategies can help stabilize rice prices, achieve 100% self-sufficiency in white rice, and create new job and business opportunities in Malaysia's relatively poor regions.
Perspectives
I hope this article can suggest a new policy alternative for the Malaysian government to enhance the national food security and revitalize the agricultural sectors in rural areas.
Dr Bonhee Chung
Yonsei University
Read the Original
This page is a summary of: System Dynamics Modelling and Simulation of the Malaysian Rice Value Chain: Effects of the Removal of Price Controls and an Import Monopoly on Rice Prices and Self-sufficiency Levels in Malaysia, Systems Research and Behavioral Science, July 2017, Wiley,
DOI: 10.1002/sres.2477.
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