Ebook261 pages7 hours
Trade Policy and Food Security: Improving Access to Food in Developing Countries in the Wake of High World Prices
By Ian Gillson and Amir Fouad
Rating: 0 out of 5 stars
()
About this ebook
Based on forecasts of global population growth, food security will remain an important economic development issue over the next several decades. In addition, real food prices have risen in recent years after decades of decline, bringing the issue of food security even further into the public spotlight. However, there is no global food shortage: the problem is one of moving food, often across borders, from surplus production areas to deficit ones at prices that low-income consumers in developing countries can afford.
Trade can be an excellent buffer for domestic fluctuations in food supply. World output of a given food commodity is far less variable than output in individual countries so increased trade integration holds considerable potential to stabilize food prices, boost returns to farmers and reduce the prices faced by consumers. Trade liberalization protects national food markets against domestic shocks by allowing more food to be imported in times of shortage and exported in periods of plenty. Historically, however, most countries have chosen to take the opposite approach by restricting imports of food and discouraging exports to keep domestic markets isolated from international shocks. Food commodity markets, therefore, remain highly distorted despite the wave of liberalization that has swept world trade since the 1980s.
In addition to examining the determinants of recent food price spikes, Trade Policy and Food Security explores the impact of food prices on economic welfare, and how the effect of price changes on food security and economic welfare in developing countries can be mitigated through appropriate national policies at the border. It highlights the importance of both the extension and continued application of existing WTO disciplines on trade-distorting agricultural trade policies as a key resolution to the collective action problem witnessed during the recent food price spikes, whereby unilateral border policies--especially export controls--simply exacerbated the initial price increases.
Trade can be an excellent buffer for domestic fluctuations in food supply. World output of a given food commodity is far less variable than output in individual countries so increased trade integration holds considerable potential to stabilize food prices, boost returns to farmers and reduce the prices faced by consumers. Trade liberalization protects national food markets against domestic shocks by allowing more food to be imported in times of shortage and exported in periods of plenty. Historically, however, most countries have chosen to take the opposite approach by restricting imports of food and discouraging exports to keep domestic markets isolated from international shocks. Food commodity markets, therefore, remain highly distorted despite the wave of liberalization that has swept world trade since the 1980s.
In addition to examining the determinants of recent food price spikes, Trade Policy and Food Security explores the impact of food prices on economic welfare, and how the effect of price changes on food security and economic welfare in developing countries can be mitigated through appropriate national policies at the border. It highlights the importance of both the extension and continued application of existing WTO disciplines on trade-distorting agricultural trade policies as a key resolution to the collective action problem witnessed during the recent food price spikes, whereby unilateral border policies--especially export controls--simply exacerbated the initial price increases.
Related to Trade Policy and Food Security
Related ebooks
Trade Policy and Food Security Rating: 0 out of 5 stars0 ratingsTrusting Trade and the Private Sector for Food Security in Southeast Asia Rating: 0 out of 5 stars0 ratingsInternational and National Regulatory Strategies to Counter Food Fraud Rating: 0 out of 5 stars0 ratingsTrade Therapy: Deepening Cooperation to Strengthen Pandemic Defenses Rating: 0 out of 5 stars0 ratingsUndernutrition in the Philippines: Scale, Scope, and Opportunities for Nutrition Policy and Programming Rating: 0 out of 5 stars0 ratingsPromoting Agrifood Sector Transformation in Bangladesh: Policy and Investment Priorities Rating: 0 out of 5 stars0 ratingsClimate Change and Food Systems: Global Assessments and Implications for Food Security and Trade Rating: 0 out of 5 stars0 ratingsRegional Overview of Food Insecurity. Asia and the Pacific Rating: 0 out of 5 stars0 ratingsAllergen Management in the Food Industry Rating: 5 out of 5 stars5/5The State of Agricultural Commodity Markets 2018: Agricultural Trade, Climate Change and Food Security Rating: 0 out of 5 stars0 ratingsPolicies for High Quality, Safe, and Sustainable Food Supply in the Greater Mekong Subregion Rating: 0 out of 5 stars0 ratingsModernizing Sanitary and Phytosanitary Measures in CAREC: An Assessment and the Way Forward Rating: 0 out of 5 stars0 ratingsBiotechnology and Biopharmaceuticals: Transforming Proteins and Genes into Drugs Rating: 0 out of 5 stars0 ratingsTrading Away from Conflict: Using Trade to Increase Resilience in Fragile States Rating: 0 out of 5 stars0 ratingsTrading Away from Conflict Rating: 0 out of 5 stars0 ratingsPromoting Healthy Living in Latin America and the Caribbean Rating: 0 out of 5 stars0 ratingsThinking about the Future of Food Safety: A Foresight Report Rating: 0 out of 5 stars0 ratings
Business For You
Crucial Conversations Tools for Talking When Stakes Are High, Second Edition Rating: 4 out of 5 stars4/5Becoming Bulletproof: Protect Yourself, Read People, Influence Situations, and Live Fearlessly Rating: 4 out of 5 stars4/5Law of Connection: Lesson 10 from The 21 Irrefutable Laws of Leadership Rating: 4 out of 5 stars4/5High Conflict: Why We Get Trapped and How We Get Out Rating: 4 out of 5 stars4/5Leadership and Self-Deception: Getting out of the Box Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Collaborating with the Enemy: How to Work with People You Don’t Agree with or Like or Trust Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice Rating: 4 out of 5 stars4/5Crucial Conversations: Tools for Talking When Stakes are High, Third Edition Rating: 4 out of 5 stars4/5Summary of J.L. Collins's The Simple Path to Wealth Rating: 5 out of 5 stars5/5Just Listen: Discover the Secret to Getting Through to Absolutely Anyone Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Catalyst: How to Change Anyone's Mind Rating: 4 out of 5 stars4/5Robert's Rules of Order: The Original Manual for Assembly Rules, Business Etiquette, and Conduct Rating: 4 out of 5 stars4/5Your Next Five Moves: Master the Art of Business Strategy Rating: 5 out of 5 stars5/5Lying Rating: 4 out of 5 stars4/5Tools Of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers Rating: 4 out of 5 stars4/5The Five Dysfunctions of a Team: A Leadership Fable, 20th Anniversary Edition Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Robert's Rules Of Order Rating: 5 out of 5 stars5/5Summary of Eve Rodsky's Fair Play Rating: 2 out of 5 stars2/5The Book of Beautiful Questions: The Powerful Questions That Will Help You Decide, Create, Connect, and Lead Rating: 4 out of 5 stars4/5
Reviews for Trade Policy and Food Security
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Trade Policy and Food Security - Ian Gillson
Enjoying the preview?
Page 1 of 1