Geopolitical changes and their implications for agricultural trade negotiations

Martin Piñeiro and Valeria Piñeiro

Chapter 2 in Navigating the trade landscape: A Latin American perspective building on the WTO 13th ministerial conference, 2024-08-19, pp p. 11-22 from International Food Policy Research Institute (IFPRI)

Abstract: The dissolution of the Soviet Union (USSR) in the 1990s marked a significant geopolitical shift, resulting in the clear and undisputed preeminence of the United States (USA) in global affairs. This new dominance was bolstered by the support of its closest allies, primarily the European Union (EU), Japan, Australia, and a few others. In the wake of this geopolitical shift, a new phase of global economic interdependence emerged characterized by a growing reliance on trade and the development of global value chains, which connected production processes across multiple countries. This collaborative approach to production rapidly accelerated at the beginning of the 21st century and played a crucial role in the rapid economic development of countries like China and the Republic of Korea.

Keywords: agricultural trade; economics; negotiation; politics; Latin America and the Caribbean (search for similar items in EconPapers)
Date: 2024-08-19
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Persistent link: https://EconPapers.repec.org/RePEc:fpr:ifpric:151905

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