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    Agricultural Trade and Food Security

    Martin, Will | February 2017
    Abstract
    Agricultural trade is vitally important for achieving the goal of ending hunger by 2030 enshrined in the second Sustainable Development Goal (SDG). While trade is frequently seen as posing threats to this vitally important goal, it can in fact play a major role in achieving it. Trade helps in a number of ways, by allowing countries to take advantage of their radically different factor endowments, with land-abundant countries providing exports and land-poor countries taking advantage of much more efficiently-produced imports. Trade liberalization can also help by raising production efficiency in agriculture, allowing improvements in dietary diversity and increasing access to food. Allowing trade substantially reduces the volatility of food prices by diversifying sources of supply. By contrast, beggar-thy-neighbor policies of price insulation such as the imposition of export bans in periods of high prices redistribute, rather than reduce, volatility. However, the tendency of other countries to use price-insulating policies creates a serious collective action problem in world markets. Proposals for Special Safeguards would exacerbate these problems by adding massive duties—and creating even larger declines in world prices—during periods of already-depressed prices.
    Citation
    Martin, Will. 2017. Agricultural Trade and Food Security. © Asian Development Bank Institute. http://hdl.handle.net/11540/8672.
    Keywords
    Commercial agriculture
    Agriculture
    Sustainable agriculture
    Trade Volume
    Agricultural Trade
    Food Security And Trade
    Regional Trade Agreements
    Food Security
    Agriculture
    Agricultural Trade
    Trade
    Trade Barriers
    Trade Facilitation
    Sustainable agriculture
    Commercial agriculture
    Trade Negotiations
    Trade Development
    Trade And Development
    Regional Trade Agreements
    Agricultural Trade
    Agriculture Trade Liberalization
    Agroindustry
    Agricultural trade
    Commercial farming
    Agroindustry
    Sustainable development
    Export volume
    Export Development
    Access to markets
    Agricultural market
    Agricultural economy
    Distribution
    Agricultural trade
    Agricultural investment
    Agricultural economy
    Agricultural products
    Import volume
    Export volume
    Tariff negotiations
    Regional integration
    Trade regulations
    Agricultural market
    Agricultural economy
    Agricultural diversification
    Agricultural resource
    Farm produce
    Land capability for agriculture
    Food Supply
    Rural land use
    Technological innovations
    Agricultural innovations
    Farm supply industry
    Natural resource
    Adaptive natural resource management
    Produce trade
    Poor
    Price Indexes
    Integrated rural development
    Cost and standard of living
    Population
    Crop improvement
    Rice farming
    Crop
    Food industry
    Perishable goods
    Food
    Agricultural resource
    Farm produce
    Natural products in agriculture
    Plant products industry
    New agricultural enterprises
    Agricultural industry
    Foreign trade and employment
    Perishable goods
    Consumer goods
    Agricultural products
    Agricultural industry
    Food industry
    Food Safety
    Crop Insurance
    Show allCollapse
    Citable URI
    http://hdl.handle.net/11540/8672
    Metadata
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    Thumbnail
    adbi-wp664.pdf (1.537Mb)
    Author
    Martin, Will
    Theme
    Agriculture
    Trade
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise