World Food Economy

ISBN-10: 0470593628

ISBN-13: 9780470593622

Edition: 2nd 2011

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Description: The World Food Economy, 2 nd Edition continues to provide a broad introduction to the economics of food and agriculture. As consumers and producers continue to feel the effects of expanded global commodity trade, food aide, and national legislation in response to globalization, this book assesses the challenges of satisfying food demand in both rich and poor countries alike. This second edition includes a new chapter devoted to biofuel developments and the price of energy in the United States and other nations. Other revised topics which the authors have paid specific attention to include price-trends and new research about trade restrictions and policy-induced distortions in prices. Each chapter addresses economic and demographic trends, patterns of agricultural development, food consumption, and key food issues while comparing and contrasting economics amongst countries. This regional focus ensures that the information presented throughout The World Food Economy is relevant and current for readers.

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Book details

List price: $164.99
Edition: 2nd
Copyright year: 2011
Publisher: John Wiley & Sons, Limited
Publication date: 12/31/2010
Binding: Paperback
Pages: 464
Size: 5.75" wide x 8.75" long x 0.50" tall
Weight: 1.034
Language: English

Preface to the Second Edition
Acknowledgments
Introduction
Our Focus
Chapter Outline
Key Words and Terms
Study Questions
The Demand Side: How Population Growth and Higher Incomes Affect Food Consumption
Classic Malthusianism, Its Modern Variants, and Its Critiques
Demographic Transition
Trends in Human Numbers, Past and Present
Food Consumption and Income
Demand Trends and Projections
Summary and Conclusions
Key Words and Terms
Study Questions
Appendix: The Fundamental Economics of Demand
The Supply Side: Agricultural Production and Its Determinants
The Nature of Agriculture
Increases in Agricultural Supply
Has Intensification Run Its Course?
The Food Economy Beyond the Farm Gate
Trends in Per Capita Production
Key Words and Terms
Study Questions
Appendix: The Fundamental Economics of Supply
Aligning the Consumption and Production of Food over Time
The Desirability of Competitive Equilibrium
Public Policy and Markets for Farm Products
Historical Trends in the Scarcity of Agricultural Products
Outlook for the Twenty-First Century
Key Words and Terms
Study Questions
Appendix: The Coordination of Decentralized Decision Making
Agriculture and the Environment
Diagnosing and Correcting Environmental Market Failure
Agriculture and Climate Change
Farmland Degradation
Agriculture and Deforestation
Agricultural Development and the Environment
Key Words and Terms
Study Questions
Appendix: Market Failure and Its Remedies
Globalization and Agriculture
The Theory of Comparative Advantage
Trade Distortions and the Economic Impacts
The Debate over Globalization
Potential Gains from Agricultural Trade Liberalization
Multilateral Trade Negotiations and Agriculture
The Case for Free Trade Still Stands
Key Words and Terms
Study Questions
Appendix: Two-Country Illustrations of Comparative Advantage
Agriculture and Economic Development
Economic Expansion and Structural Transformation
Agriculture's Role in Economic Development
Trying to Develop at Agriculture's Expense
Agricultural Development for the Sake of Economic Growth and Diversification
Summary and Conclusions
Key Words and Terms
Study Questions
Striving for Food Security
Who and Where Are the Food-Insecure?
Achieving Food Security
The Food Security Synthesis and Economic Development
The Standard Model and Communitarian Values
Key Words and Terms
Study Questions
Interregional Differences and Similarities
Economic Growth and Income Distribution
Population Dynamics
Agriculture's Response to Demand Growth
Summary
Key Words and Terms
Study Questions
Affluent Nations
Standards of Living
Population Dynamics
The Food Economy
Dietary Change and Consumption Trends
Summary
Key Words and Terms
Study Questions
Asia
Trends in GDP per Capita
Population Dynamics
Agricultural Development
Dietary Change, Consumption Trends, and Food Security
Summary
Key Words and Terms
Study Questions
Latin America and the Caribbean
Trends in GDP per Capita
Population Dynamics
Agricultural Development
Dietary Change, Consumption Trends, and Food Security
Summary
Key Words and Terms
Study Questions
The Middle East and North Africa
Political Realities and Economic Trends
Population Dynamics
Agricultural Development
Dietary Change, Consumption Trends, and Food Security
Summary
Key Words and Terms
Study Questions
Eastern Europe and the Former Soviet Union
Economic Trends since the Fall of Communism
Demographic Trends
The Agricultural Sector
Dietary Change, Consumption Trends, and Food Security
Summary
Key Words and Terms
Study Questions
Sub-Saharan Africa
Trends in GDP per Capita
Demographic Trends
Agricultural Development
Consumption Trends and Food Security
Summary
Key Words and Terms
Study Questions
The Global Food Economy in the Twenty-First Century
Victims of Our Own Success?
The New Food Economy
The Changing Role of Government
Back to the Future Food Economy?
Key Words and Terms
Study Questions
Abbreviations and Acronyms
Map Annex
References
Index
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