Demand, Supply, Sustainability and Security
Edited by Raghbendra Jha, Raghav Gaiha and Anil B. Deolalikar
Chapter 13: Trade, food and welfare
What is the influence of trade and trade policy on food security? Are open economies more likely to achieve food security, or is it that trade openness creates problems for the most food insecure? Can one trust global food markets to deliver food commodities when needed and at reasonable cost? These are the main questions that are relevant when one thinks about international trade in the context of food security. The marked increases in the world prices of many basic food commodities in 2007-08, which were followed by new price increases in 2010-11, led to many short-term policy reactions, both trade-and domestic-policy related, which may have exacerbated the negative impacts of the price rises, and also renewed concerns about the role of international agricultural trade in achieving food security. The purpose of this chapter is to discuss how agricultural trade and trade policy affect food security.
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