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OECD trade liberalisation and food security in Non-Member Economies. by Wyatt Thompson Directorate for Food, Agriculture, and Fisheries. World Outlook Conference, 16-17 May 2002. Goal: Trade reform and food security. Identify the effects of trade reform on food security
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OECD trade liberalisation and food security in Non-Member Economies by Wyatt Thompson Directorate for Food, Agriculture, and Fisheries World Outlook Conference, 16-17 May 2002
Goal: Trade reform and food security • Identify the effects of trade reform on food security • Not intended to extend • beyond trade effects • beyond medium-term • beyond aggregate effects
Status of food insecurity consumption production trade urbanisation Status of trade in commodities self-sufficency competing Method 1: recognising the diversity of NMEs
Partial equilibrium effects on food insecure, not self-sufficient importers
General equilibrium effects on food insecure, agricultural importers
Modest effects on traded prices of crops and crop products Weak links to producers and consumers in Non-Member Economies Small effects and weak links • Commodities not directly affected by OECD policies
Conclusions • Aggregate effects of OECD agricultural policy changes are very small • Broader policy reform can have more positive impacts • Potential for greater long-term impacts tied to development • However, limits of the study