The World Food Economy

The questions of population growth and food supply have long been of central concern to economists. "The World Food Economy" seeks to examine the lessons of the past for wealthy nations, where agricultural output has steadily risen for decades, as well as for developing nations where the advances of the 'Green Revolution' in the 1960s have introduced new problems in addition to solutions. This text assesses the challenge of satisfying food demand during the twenty-first century as consumers and producers in every part of the world-rich and poor alike-feel the effects of expanded global commodity trade, food aid, and national legislation in response to globalization.It examines increases in agricultural output and productivity in both the developed and developing worlds. It analyzes the centrality of agricultural development to general economic progress and explores cases where governments attempt to foster economic expansion while neglecting food production. It assesses the challenge of satisfying food demand during the twenty-first century, given the effects of globalization on international trade and national legislation.

Publisher: John Wiley and Sons Ltd

Published: United Kingdom, 12 October 2006

Format: Hardback, 416 pages

Age Range: 0+

Other Information: 29 illustrations

Dimensions: 25.4 x 17.8 x 2.4 centimeters (0.78 kg)

Writer: Douglas Southgate, Douglas H. Graham, Luther Tweeten

Table of ContentsPreface. Acknowledgements. Part I: Introduction. 1.1 Our Focus. 1.2 Chapter Outline. Study Questions. Part II: The Demand Side: How Population Growth and Higher Incomes Affect Food Consumption. 2.1 Classic Malthusianism, its Modern Variants, and its Critiques. 2.2 Demographic Transition. 2.3 Trends in Human Numbers, Past and Present. 2.4 Food Consumption and Income. 2.5 Demand Trends and Projections. 2.6 Summary and Conclusions. Study Questions. Appendix: The Fundamental Economics of Demand. Part III: The Supply Side: Agricultural Production and its Determinants. 3.1 The Nature of Agriculture. 3.2 Increases in Agricultural Supply. 3.3 Has Intensification Run its Course?. 3.4 Trends in Per-Capita Consumption. Study Questions. Appendix: The Fundamental Economics of Supply. Part IV: Aligning the Consumption and Production of Food over Time. 4.1 The Desirability of Competitive Equilibrium. 4.2 The Market Impacts of Commodity Programs. 4.3 Historical Trends in the Scarcity of Agricultural Products. 4.4 Outlook for the Twenty-First Century. Study Questions. Appendix: The Coordination of Decentralized Decision-Making. Part V: Agriculture and the Environment. 5.1 Environmental Trade-Offs. 5.2 Market Failure. 5.3 Environmental Deterioration in the Absence of Agricultural Intensification. 5.4 Agricultural Development and the Environment. Study Questions. Part VI: Globalization and Agriculture. 6.1 The Theory of Comparative Advantage. 6.2 The Net Costs of Trade Distortions. 6.3 The Debate over Globalization. 6.4 Agricultural Trade: Recent Trends and the Current Debate. 6.5 Why Not More Trade?. Study Questions. Appendix: A Two-Country Illustration of Comparative Advantage. Part VII: Agriculture and Economic Development. 7.1 Growth and Economic Structure. 7.2 Agriculture's Role in Economic Development. 7.3 Trying to Develop at Agriculture's Expense. 7.4 Agricultural Development for the Sake of Economic Growth and Diversification. 7.5 Summary and Conclusions. Study Questions. Part VIII: Striving for Food Security. 8.1 What is Food Security?. 8.2 Who and Where Are the Food-Insecure?. 8.3 Achieving Food Security. 8.4 The Food Security Synthesis and Economic Development. 8.5 The Standard Model, Communitarian Values, and Economic Equity. Study Questions. Part IX: A Synopsis of Regional Trends in the Global Food Economy. 9.1 Economic Growth and Income Distribution. 9.2 Population Dynamics. 9.3 Agriculture's Response to Demand Growth. 9.4 Summary. Study Questions. Tables. Part X : Affluent Nations. 10.1 Standards of Living. 10.2 Population Dynamics. 10.3 The Food Economy. 10.4 Dietary Change and Consumption Trends. 10.5 Summary. Study Questions. Tables. Part XI: Asia. 11.1 Trends in GDP per Capita. 11.2 Population Dynamics. 11.3 Agricultural Development. 11.4 Dietary Change, Consumption Trends, and Food Security. 11.5 Summary. Study Questions. Tables. Part XII: Latin America and the Caribbean. 12.1 Trends in GDP per Capita. 12.2 Population Dynamics. 12.3 Agricultural Development. 12.4 Dietary Change, Consumption Trends, and Food Security. 12.5 Summary. Study Questions. Tables. Part XIII: Middle East and North Africa. 13.1 Trends in GDP per Capita. 13.2 Population Dynamics. 13.3 Agricultural Development. 13.4 Dietary Change, Consumption Trends, and Food Security. 13.5 Summary. Study Questions. Tables. Part XIV: Eastern Europe and the Former Soviet Union. 14.1 Patterns of Economic Growth since the Fall of Communism. 14.2 Demographic Trends. 14.3 The Agricultural Sector. 14.4 Dietary Change, Consumption Trends, and Food Security. 14.5 Summary. Study Questions. Tables. Part XV: Sub-Saharan Africa. 15.1 Trends in GDP per Capita. 15.2 Demographic Trends. 15.3 Agricultural Development. 15.4 Consumption Trends and Food Security. 15.5 Summary. Study Questions. Tables. Part XVI: The Food Economy in the Twenty-First Century. 16.1 Victims of Our Own Success?. 16.2 The New Food Economy. 16.3 The Changing Role of Government. Study Questions. Abbreviations and Acronyms. Map Annex. References. Index

About the AuthorDouglas Southgate is Professor of Natural Resource Economics in the Agricultural, Environmental, and Development Economics Department at Ohio State University. A natural resource economist by training, his previous books include Economic Progress and the Environment and Tropical Forest Conservation. Douglas H. Graham is Professor Emeritus of Rural Finance in the Agricultural, Environmental, and Development Economics Department at Ohio State University. Luther Tweeten is Emeritus Anderson Professor of Agricultural Marketing, Trade, and Policy in the Agriculture, Environmental, and Development Economics Department at Ohio State University. He is the author or co-author of over 500 journal articles and seven books, including Foundations of Farm Policy and Agricultural Trade: Principles and Policies.

Reviews"The World Food Economy is an excellent book written by three well-known authors. This is a brilliant exposition of various dimensions of the world food problem. It is grounded in economic theory but written so that it is easily understood by people without a background in economics." Andrew Schmitz, University of Florida "This book is a must-read for those who wish to understand the world food economy, a contribution both to the layman's understanding and to the science." Barry L. Flinchbaugh, Kansas State University "An excellent undergraduate textbook ... .structured clearly ... .Very well written. I am convinced this book will be very popular with students and instructors alike." European Review of Agricultural Economics