The Evolution of Food Trade Patterns Since 1960

Kym Anderson

Chapter Chapter 4 in Agricultural Trade, Policy Reforms, and Global Food Security, 2016, pp 61-83 from Palgrave Macmillan

Abstract: Abstract Developments in global agricultural trade, ‘revealed’ comparative advantage, and net trade specialization in farm products over the past five decades are broadly consistent with expectations from trade theory, even though trade patterns have been distorted (as well as being shrunk) by anti-trade policies. There is concentration in both the commodity and country shares of global exports of farm products: as of 2014, less than ten items made up half of that trade in agricultural products, and two-thirds of the world’s exports of farm products are accounted for by just a dozen agricultural trading economies (treating the EU28 as a single economy). One consequence of little food production being traded internationally is that just a few countries dominate each product’s international trade.

Keywords: Capita Income; Comparative Advantage; Farm Product; Trade Pattern; Past Half Century (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psachp:978-1-137-46925-0_4

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DOI: 10.1057/978-1-137-46925-0_4

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