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The Empirical Analysis of Trade Policy in Promoting Food Security

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The Empirical Analysis of Trade Policy in Promoting Food Security
Assignment on
An Empirical Analysis of Trade Policy in Promoting Food Security
Course No: 507

Submitted By
Md. Tawhid Ashraf
MSS- 2nd Batch, 1st semester,
BSS Roll-134
MSS Roll-1286
Session: 2011-12
Department of Economics

Submitted To
Dr. Selim Raihan
Professor,
Department of Economics

University of Dhaka

Abstract

In recent years food security has been the most challenging issue to meet. No perfect solution has not been made yet to eliminate and eradicate the world’s hunger. Most of the time food insecurity is seen among the poor nations of the world but now-a-days this has also been an invincible problem throughout the world as well as to many developed countries. Moreover some effective trade policies may be applicable to alleviate worldwide food insecurity. This short analytical note attempts to summarize some of the relationships between trade policy and food security, and pinpoint some of the changes that might be required if governments are to achieve their goals in this area.

Table of Content Serial No. | Topics | Page No. | 1 | Introduction | 4 | 2 | Definition of Food Security | 6 | 3 | A general review of worldwide food production, consumption & an export-import analysis | 7 | 4 | Reasons behind food insecurity | 11 | 5 | How well does international food market function | 17 | 6 | Global trade as part of solution | 18 | 7 | Responses by the international trade and aid community to food security | 23 | 8 | Conclusion | 26 | 9 | References | 28 |

Introduction

In early 2008, world prices of major agricultural commodities, including wheat, rice, maize and oilseed crops reached their highest levels in nearly three decades. Stocks of the major commodities had been reduced to their lowest levels, yet food prices continued to mount, straining the budget of low income households all around the world. This led to some political tensions too – as people took to the streets in more than



References: * Agriculture Negotiations at the WTO: ‘Framework Phase’ Outlook Report. * Ensuring Trade Policy Supports Food Security Goals published by International Centre for Trade & substantial development (ICTSD, November-2009). * Trade Policy Options for Improved Food Security by Christopher L. Gilbert. * Improving the International Governance of Food Security and Trade by Manzoor Ahmad. * Think Piece | The Political Economy of Trade and Food Security. * What kind of trade policy framework is needed to support food security goals? by Timothy Josling. * Trade Policy Options for Enhancing Food Aid Effectiveness by Edward Clay. * Trade Policy Responses to Food Price Volatility in Poor Net Food-Importing Countries Panos Konandreas. * TRIPS-Related Patent Flexibilities and Food Security: Options for Developing Countries by Carlos Correa.

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    References: Alderman, Harold (1986) The Effect of Food Price and Income Changes on the Acquisition of Food by Low Income Households. International Food Policy Research Institute, Washington, D.C. Blundell, R., Pashardes, P. and Weber, G. (1993) What do we learn about consumer demand patterns from micro data? American Economic Review, 83: 570-597. Bouis, Howarth (1991) A Food Demand System Based on Demand for Characteristics: If There Is Curvature in the Slutsky Matrix, What Do the Curves Look Like and Why?. International Food Policy Research Institute, Washington, D.C. Bouis, Howarth and Haddad, Lawrence (1992) Are the estimates of calorie income elasticities too high: A recalibration of the plausible range. Journal of Development Economics, 53(June): 115-137. Deaton, A. and Muellbauer, J. (1980) An almost ideal demand system. American Economic Review, 70(3): 312-326. Dey, Madan M. (2000) Analysis of demand for fish in Bangladesh. Aquaculture Economics & Management, 4: 63-79.…

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