The financialization, globalization and industrialization of our food systems make it increasingly difficult to access quality fresh food. In fact, the industrialized global food system is creating products that are less food-like, engendering growing questions about the health and safety of our food supply. In addition, the bio-engineering of food commodities is another factor influencing the growth of industrial farming for an increasingly homogenized, globalized market. This book describes the financialization process in commodity futures markets which transformed commodities into an asset class. Incorporated into the portfolio decisions of investors, commodity prices now behave like all asset prices, becoming more volatile and subject to periodic bubbles. As commodity prices were driven higher in the 2000s, farmland became more valuable, setting off a global land grab by investors, nations, and corporations. More recently, under the financialization food regime, slow growth and low returns encouraged merger activity driven by private equity firms, with food industry corporations as prime targets, leading to increased industry concentration. With government policy focused on supporting corporate interests, there has been a global reaction to the current food system. The food sovereignty movement is taking on the interests behind the global land grab, and the regional food movement in cities across the U.S. is hitting corporations at the bottom line. Food corporations are listening. Is the food movement winning? This book is of interest to those who study political economy, financialization and agriculture and related studies, as well as food systems and commodity future markets.

Winner of the European Association of Agricultural Economists Book Award Food and agriculture have been subject to heavy-handed government interventions throughout much of history and across the globe, both in developing and in developed countries. Today, more than half a trillion US dollars are spent by some governments to support farmers, while other governments impose regulations and taxes that hurt farmers. Some policies, such as price regulations and tariffs, distribute income but reduce total welfare by introducing economic distortions. Other policies, such as public investments in research, food standards, or land reforms, may increase total welfare, but these policies come also with distributional effects. These distributional effects influence the preferences of interest groups and in turn influence policy decisions. Political considerations are therefore crucial to understand how agricultural and food policies are determined, to identify the constraints within which welfare-enhancing reforms are possible (or not), and finally to understand how coalitions can be created to stimulate growth and reduce poverty.

Few nutritionists and economists fully appreciate how the political environment shapes policy and subsequently affects the relevance of their policy recommendations When governments fail to follow the recommendations of nutritionists and economists and are unable to design and implement cost-effective nutrition programs and policies, it is often attributed to “politics” or to lack of “political will” on the part of decisionmakers Past nutrition planning efforts frequently failed to understand the goals and behavior of the various agents and institutions inside and outside the government that, in the final analysis, determine whether the planning effort is successful In The Political Economy of Food and Nutrition Policies, Per Pinstrup-Andersen brings together a group of distinguished authorities to improve the understanding of how nutrition policies are formulated within larger political and economic contexts and how public-sector agencies behave with regard to food and nutrition.

This book tackles the central question of the political and structural changes and characteristics that govern agriculture and food. Original contributions explore this highly globalized economic sector by analyzing salient geographical regions and sub

From the John Holmes Library collection.

The Political Economy of Diet and Health continues the exploration of food systems theory begun in the author's previous publications. It presents a critical exposition of food systems theory and analyses the existing approaches to food consumption. Subjects include: * resolving the diet paradox * the impact of the EU * the lack of policy in the UK

A political economy analysis of the history of food security in the Arab world, including the role played by the global food price crisis in the Arab Spring and the Arab response aiming at greater food sovereignty via domestic food production and land acquisition overseas – the so-called land grab.