AGRIBUS7054 Global Food and Agricultural Policy Analysis

Question:

COVID-19, trade policies, food prices and food security.

During the COVID-19 pandemic governments in developing countries and emerging economies around the world have implemented policies with several objectives: reduce the spread of the disease and ensure food security. Restrictions on mobility due to lockdowns are reducing income and affecting trade. Food prices are going up, while income is going down. Governments are implementing trade policies to ensure that there is enough food at affordable prices for their citizens. Many economists are comparing these government responses with those of the 2008 food crisis.

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Read the following documents to answer the questions below in the paper. 

1. Martin, W., & Gaubler, J. (2020). Trade Policy and Food Security. In COVID-19 and Trade Policy: Why Turning Inward Won’t Work (p. 187). CEPR Press VoxEU.org eBook.

Link to download: https://voxeu.org/content/covid-19-and-trade-policy-why-turning-inward-won-t-work (Links to an external site.)

(This link downloads the eBook, you only are required to read Martin & Gaubler chapter, not the entire book)

2. Sulser, T., & Dunston, S. (2020, May 15). COVID-19-related trade restrictions on rice and wheat could drive up prices and increase hunger. IFPRI Blog Research Post.

https://www.ifpri.org/blog/covid-19-related-trade-restrictions-rice-and-wheat-could-drive-prices-and-increase-hunger

3. COVID-19 Food Trade Policy Tracker | IFPRI?: International Food Policy Research Institute. (2020).

Retrieved June 16, 2020, from https://www.ifpri.org/project/covid-19-food-trade-policy-tracker (Links to an external site.)

Instruction:

You MUST cite these 3 readings within the assignment. You also are encouraged to use additional references, as needed, from academic journal articles, documents from reputable international organisations (including but not limited to IFPRI, FAO, WB, ADB), the materials under the COVID-19 module in MyUni, and required and suggested readings for the course. Avoid using references from the popular press.

Task:

Your paper must do the following:

  • Explain the rationale of rice and wheat export bans (prohibit ALL exports).
  • Use economic theory (graphs) to describe the effects in prices, quantities, and welfare effects of these policies in exporting and importing countries.
  • Explain how these trade policies compare to those implemented by developing countries and emerging economies during the food crisis of 2008?
  • Explain how this experience can help with the trade policy formulation process during COVID-19?

Based on your analysis, provide recommendations for the implementation of trade policies to ensure food security during the pandemic. Make emphasis on how different policies affect the poor and most vulnerable groups of the population and why.

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