The present invention relates to image processing apparatus and method, and a program which can display a stereoscopic image that provides more natural depth perception. A panoramic image generating section 25-1 generates a panoramic image PR for the right eye by extracting and synthesizing each strip region TRR in a plurality of captured images that are captured successively in the state in which an imaging apparatus ii is moving. A panoramic image generating section 25-2 generates a panoramic image PL for the left eye by extracting and synthesizing each strip region TRL in the plurality of captured images. From the panoramic image PR and the panoramic image PL, a disparity controlling section 26 detects the dominant disparity of these panoramic images, and shifts the entire panoramic images in accordance with the detection result to thereby adjust disparity. A display section 27 simultaneously displays the disparity-adjusted pair of panoramic images, thereby displaying a stereoscopic panoramic image with more natural depth perception. The present invention can be applied to a camera.