“Cashless” economy is a blow to small producers

Fresh markets sustain the economies and livelihoods of millions of people. Despite this reality, the governments of many Asian countries are systematically adopting policies that undermine local markets and the people who rely on them. From Hong Kong to Hanoi, governments are banning fresh markets or scaling back market interventions that once kept corporations and price volatility in check. In Indonesia, for instance, the government lifted commodity price regulations, eroding the food security of farmers, small traders and poor consumers.

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