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International trade and world food security: the Role of developed countries since the World Food Conference



International trade and world food security: the Role of developed countries since the World Food Conference



Food policy 9(4): 317-327



Developments in the world grain markets in the decade since the World Food Conference of 1974 are discussed. Both wheat and coarse grain markets have grown with a striking expansion in trade. These changes, especially the policies and performance of USA, Canada and the EEC, the largest wheat exporting countries, and Australia, the other exporting country, are examined to see whether there is evidence of action that gives developing countries the hope that food security is not being jepordized by behavior of the industrial world. Although the data for the 12 crop years is brief, the major wheat-trading countries showed behavior that was inconsistant and unspectacular, the actions cannot be said to be destabilizing. In virtually all instances these developed countries managed their grain stocks in the appropriate direction. Looking at individual countries, the USA was always found to act to stabilize world markets. Australia has the worst record. The EEC had the most destabilizing behavior. Fortunately the influence was not large. The USSR also acted to stabilize world markets during the year when the world wheat prices were rising. (emc)

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Accession: 013146195

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DOI: 10.1016/0306-9192(84)90068-x


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