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Trade in Agricultural Products and Food Security Concerns on Emerging Markets: How to Balance Protection and Liberalization
Abstract
Although free trade is a key factor in promoting economic growth, there are markets, which require specific approaches. The food market is one of them due to its vital importance for securing nutritional requirements of the population. Providing the population with food in sufficient quantity and variety is a challenge, which includes a range of issues of food production and dependence on import of the food market. Food security is increasingly influenced by foreign trade policies implemented by national governments. Many of them are re-examining their strategies for dealing with food security concerns and seeking to protect domestic food producers by restricting presence of foreign competitors on the domestic food market. The chapter addresses recent food security trends in emerging countries, including BRICS, Eurasian Economic Union (EAEU), and Russia, assesses the effects of food trade distortions in order to balance protection and liberalization policies for achieving effective levels of food security.
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