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The World Food Economy, 2nd Edition

The World Food Economy, 2nd Edition (EHEP001766) cover image
Population growth and food supply have long been of central concern to economists.  The World Food Economy examines the lessons of the past while assessing 21st century and future challenges, including food shortages, global hunger, and economic inequality.  With the demand for food and the population growing at an unprecedented rate, this text provides students with a timely, relevant, and unique overview of the world of agricultural production.  New coverage in the Second Edition explains how productivity has risen around the globe throughout the last century through technological advances and how consumers and producers in every part of the world—rich and poor alike—feel the effects of expanded global commodity trade, food aid, and national legislation in response to globalization.
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Preface to the Second Edition.

Acknowledgments.

1 Introduction.

1.1 Our Focus.

1.2 Chapter Outline.

Key Words and Terms.

Study Questions

2 The Demand Side: How Population Growth and Higher Incomes Affect Food Consumption.

2.1 Classic Malthusianism, Its Modern Variants, and Its Critiques.

2.2 Demographic Transition.

2.3 Trends in Human Numbers, Past and Present.

2.4 Food Consumption and Income.

2.5 Demand Trends and Projections.

2.6 Summary and Conclusions.

Key Words and Terms.

Study Questions.

Appendix: The Fundamental Economics of Demand.

3 The Supply Side: Agricultural Production and Its Determinants.

3.1 The Nature of Agriculture.

3.2 Increases in Agricultural Supply.

3.3 Has Intensification Run Its Course?

3.4 The Food Economy Beyond the Farm Gate.

3.5 Trends in Per Capita Production.

Key Words and Terms.

Study Questions.

Appendix: The Fundamental Economics of Supply.

4 Aligning the Consumption and Production of Food over Time.

4.1 The Desirability of Competitive Equilibrium.

4.2 Public Policy and Markets for Farm Products.

4.3 Historical Trends in the Scarcity of Agricultural Products.

4.4 Outlook for the Twenty-First Century.

Key Words and Terms.

Study Questions.

Appendix: The Coordination of Decentralized Decision Making.

5 Agriculture and the Environment.

5.1 Diagnosing and Correcting Environmental Market Failure.

5.2 Agriculture and Climate Change.

5.3 Farmland Degradation.

5.4 Agriculture and Deforestation.

5.5 Agricultural Development and the Environment.

Key Words and Terms.

Study Questions.

Appendix: Market Failure and Its Remedies.

6 Globalization and Agriculture.

6.1 The Theory of Comparative Advantage.

6.2 Trade Distortions and the Economic Impacts.

6.3 The Debate over Globalization.

6.4 Potential Gains from Agricultural Trade Liberalization.

6.5 Multilateral Trade Negotiations and Agriculture.

6.6 The Case for Free Trade Still Stands.

Key Words and Terms.

Study Questions.

Appendix: Two-Country Illustrations of Comparative Advantage.

7 Agriculture and Economic Development.

7.1 Economic Expansion and Structural Transformation.

7.2 Agriculture's Role in Economic Development.

7.3 Trying to Develop at Agriculture's Expense.

7.4 Agricultural Development for the Sake of Economic Growth and Diversification.

7.5 Summary and Conclusions.

Key Words and Terms.

Study Questions.

8 Striving for Food Security.

8.1 Who and Where Are the Food-Insecure?

8.2 Achieving Food Security.

8.3 The Food Security Synthesis and Economic Development.

8.4 The Standard Model and Communitarian Values.

Key Words and Terms.

Study Questions.

9 Inter-Regional Differences and Similarities.

9.1 Economic Growth and Income Distribution.

9.2 Population Dynamics.

9.3 Agriculture's Response to Demand Growth.

9.4 Summary.

Key Words and Terms.

Study Questions.

10 Affluent Nations.

10.1 Standards of Living.

10.2 Population Dynamics.

10.3 The Food Economy.

10.4 Dietary Change and Consumption Trends.

10.5 Summary.

Key Words and Terms.

Study Questions.

11 Asia.

11.1 Trends in GDP per Capita.

11.2 Population Dynamics.

11.3 Agricultural Development.

11.4 Dietary Change, Consumption Trends, and Food Security.

11.5 Summary.

Key Words and Terms.

Study Questions.

12 Latin America and the Caribbean.

12.1 Trends in GDP per Capita.

12.2 Population Dynamics.

12.3 Agricultural Development.

12.4 Dietary Change, Consumption Trends, and Food Security.

12.5 Summary.

Key Words and Terms.

Study Questions.

13 The Middle East and North Africa.

13.1 Political Realities and Economic Trends.

13.2 Population Dynamics.

13.3 Agricultural Development.

13.4 Dietary Change, Consumption Trends, and Food Security.

13.5 Summary.

Key Words and Terms.

Study Questions.

14 Eastern Europe and the Former Soviet Union.

14.1 Economic Trends since the Fall of Communism.

14.2 Demographic Trends.

14.3 The Agricultural Sector.

14.4 Dietary Change, Consumption Trends, and Food Security.

14.5 Summary.

Key Words and Terms.

Study Questions.

15 Sub-Saharan Africa.

15.1 Trends in GDP per Capita.

15.2 Demographic Trends.

15.3 Agricultural Development.

15.4 Consumption Trends and Food Security.

15.5 Summary.

Key Words and Terms.

Study Questions.

16 The Global Food Economy in the Twenty-First Century.

16.1 Victims of Our Own Success?

16.2 The New Food Economy.

16.3 The Changing Role of Government.

16.4 Back to the Future Food Economy?

Key Words and Terms.

Study Questions.

Abbreviations and Acronyms.

Map Annex.

References.

Index.

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  • New chapter devoted to the impacts of higher energy costs, explaining the effect of biofuels on supply and pricing of agricultural outputs in the context of world food security, and what energy really costs in the U.S. and other countries.
  • New coverage on mounting water scarcity, new agricultural subsidy issues, and World Trade Organization (WTO) negotiations.
  • Latest research on fertility, longevity, and their impact on agricultural supply and demand.
  • Newly updated chapters on each of the following:
    • Globalization
    • Environmental issues
    • Developing countries
    • Agricultural, regional trends
    • Current challenges and directions
  • Up to four new example boxes per chapter.
  • New key terms and concepts introduced and highlighted for student comprehension and review.
  • More technical economic material included in the appendices and footnotes, providing accessibility for students of all levels and further study for advanced students.
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  • Comprehensive guide to industrial organization in the imperfect market conditions of the real world.
  • Unique overview of the agricultural world of production:  both demand for and supply of food products.
  • Key Words, Terms, and Study Questions at the end of each chapter.
  • Examines the lessons of the past for wealthy nations, where agricultural output has steadily risen for decades.

 

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Wiley E-Text   
The World Food Economy, 2nd Edition
ISBN : 978-0-470-91403-8
464 pages
July 2011, ©2011
$71.50   BUY

Paperback   
The World Food Economy, 2nd Edition
ISBN : 978-0-470-59362-2
464 pages
December 2010, ©2011
$80.95   BUY

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