Globalization of World Food Markets Research Paper

Download this Research Paper in word format (.doc)

Note: Sample below may appear distorted but all corresponding word document files contain proper formatting

Excerpt from Research Paper:

The presence of a border, however, allows for that market to become closed. Nations that can feed themselves will continue to do so even if there is unmet demand elsewhere, because ultimately food is more important to survival than money. The value of money for survival, after all, is dependent on the ability to exchange that money for the means of survival. During the food price run-up in the spring of 2008 many nations restricted trade in key foodstuffs, a trend that is likely to escalate in the face of rapidly increasing demand.

Agribusiness

In Monsanto's 2009 Annual Report the company points out that a farmer today must feed 130 people, whereas 30 years ago a farmer only fed 25 people. The company's mission, therefore, is predicated on increasing the yield of agricultural land in order to help meet the needs of a growing population. Innovation is at the core of this strategy to improve yields (Monsanto 2009 Annual Report). There is a tacit recognition in this strategy that demand is beyond our control, so we as a species must work to increase supply. There are risks inherent with Monsanto's innovations, of course, but agribusiness does offer the hope of increased yields and with it the ability to feed the world's growing population.

Imperialism and Neo-Colonialism

The application of the comparative advantage model of trade on the world can be viewed as an act of imperialism. The concept may be universally true but its application is rooted squarely in Western thought. The modern global trading system was designed by Western nations and it, more or less, serves to meet the needs of Western nations. The food price shock impacts illustrate this -- we see it as a source of inflation while the world's poor see it as a threat to life. In times of food shortage, we can still afford food. Moreover, many Western nations have done a better job of protecting their food supplies than the developing world. This has occurred because weak governments in the developing world have had little impact on global trade policy and have little power over the actions taken by multinationals on their soil due to rampant corruption. Ultimately, the solutions proposed for hunger in the developing world are those proposed by agribusiness and bodies rooted in Western thought such as the World Trade Organization.

Western food interests have also guided consumption patterns in the developing world, to the detriment of food security. The example of swapping lentils for white beans is important, because aid agencies imposing diets on people have the ability to make such substitutes based on pragmatism. In many parts of the world, however, traditional foods are being replaced by heavily marketed foreign foods (Streitfeld, 2008). Nations that do not grow wheat now eat bread, causing trouble when the price of wheat escalates if local producers of substitutes have exited their businesses due to falling demand. Likewise, a wheat price increase causes crisis a land where noodles or pasta are the norm, because consumers will be reluctant to switch to rice or other cheaper substitute. At the low end, consumers dependent on rice have few if any lower-priced options in the event of a rice price shock.

Conclusion

The patterns of food consumption and food production that evolved over time around the world have been dramatically disrupted by modern global food markets. Nations consume more than they can produce, and they consume items for which they must trade. This dependence on trade for survival is a challenge for government both at the national level and the international level. The shifting patterns of food consumption represent neo-colonialism because they are typically influenced by either Western interests or Western ideas, both of which may be applied roughly to a foreign nation in a manner that is incompatible with long-term success. While agribusiness and free trade offer the promise of food security across the globe, they do not address the issue of rapidly increasing demand, and may ultimately compromise food security in poor nations so strongly that future food shocks will be met with more starvation and crises than occurred during the food price run-up in 2008.

Works Cited:

Monsanto 2009 Annual Report. Retrieved July 16, 2010 from http://www.monsanto.com/investors/financial_reports/annual_report/2009/letter_to_shareowners.asp

Streitfield, D. (2008). A global need for grain that farms can't fill. New York…[continue]

Cite This Research Paper:

"Globalization Of World Food Markets" (2010, July 16) Retrieved December 4, 2016, from http://www.paperdue.com/essay/globalization-of-world-food-markets-9682

"Globalization Of World Food Markets" 16 July 2010. Web.4 December. 2016. <http://www.paperdue.com/essay/globalization-of-world-food-markets-9682>

"Globalization Of World Food Markets", 16 July 2010, Accessed.4 December. 2016, http://www.paperdue.com/essay/globalization-of-world-food-markets-9682

Other Documents Pertaining To This Topic

  • Globalization Our World Is Interconnected Through Various

    Globalization Our world is interconnected through various forces. There are many benefits to this connectivity, including being able to trade and speak with people around the globe in just minutes. This not only enriches our society socially, but can also help it financially. Globalization, which is a trademark of this connectivity, has expanded more and more and our world could not be imagined today without globalization and the forces that sustain

  • Globalization of Agriculture Food Production and Resources

    Globalization of Agriculture, Food Production and Resources The Ideology and the Reality of Food Production and Agriculture Green is good. Buy organic. Down with genetically modified 'franken foods'! Such environmentalist assertions have the ring of modern truisms. Often, the impetus to recycling can have a moral drive to the way that the ideology is enforced upon every street corner, from the shrill wastebaskets that proclaim 'for cans and bottles only' to the

  • Globalization Myths and Threats the

    A market that dominates more than political and social outcome results in the unequal spread of rewards and opportunities while wealth and power concentrates in a selected population, corporation or nation, hence others are left marginalized (Kim, 2010). Globalization leads to wealth creation: however, this is only for the few elites occupying the hub of the processes. They enjoy benefits accruing from the surge of global scale financial, technology, mergers

  • Globalization and the Corporate Environment Memo to

    Globalization and the Corporate Environment Memo to Supervisor of a McDonald's style fast food chain Re: Globalization and the Fast Food Market Globalization has become an increasingly unpopular term amongst economic journalists, as you are no doubt aware. Even a cursory scan of recent editions of the Economist yields allegations of environmental activists around the world who allege that America corporations are acting in a rapacious fashion towards the world's national resources. Local

  • Globalization Is Becoming a More

    McDonaldization Directly linked with cultural globalization and actually deriving from the basic concepts at the forefront of globalized culture - glocalization and grobalization - is McDonaldization. The term is generically used to present the strategies implemented by the American fast food chain in 'conquering' the world, strategies which are now more broadly applied by other companies in various industries. And their strategies are worth analyzing. In Russia for instance, the

  • Globalization Making Society Better One

    The result has been newfound freedoms of speech, freedom of travel and incredibly, freedom of dissent, even to small extent. Globalization is the fule that nations need to find what their true competitive strengths are. Coddling nations through protectionism and subsidies is like taking protein or iron from their diets; over time, they will atrophy and die due to a lack of infusion of capital, competitive vibrancy and growth.

  • Globalization and Russian Reluctance Globalization

    Again, Russia showed it either did not wish to play in the world of globalization, or it just fumbles the ball every time it has an opportunity to score. Indeed, following the "debacle" that resulted in the imprisonment of Kodorkovsky, "sizable losses" were suffered "for Russian companies' stocks on national and foreign stock exchanges, as well as certain downsizing of foreign direct investments due to high political risks," the Yale


Read Full Research Paper
Copyright 2016 . All Rights Reserved