Mad Cows and Bt Potatoes: Global Public Goods in the Food System

Unnevehr, Laurian J.
December 2004
American Journal of Agricultural Economics;Dec2004, Vol. 86 Issue 5, p1159
Academic Journal
The article focuses on myths and values shaping global consumer demand for wholesome food, pleasant rural landscapes and happy communities. These consumer values increase the demand for several global public goods from the food system, and are an important force behind emerging policy issues. It explores this new global context for policy-oriented research. It presents an overview of the relatively new literature on global public goods sets the stage for this concept. It reviews how globalization in the food system reflects larger trends in the global economy shows the relevance of this concept of agricultural economics. cultural, economic, social, or political. In economic terms, globalization is the increasing integration of markets for goods, services, and capital throughout the world. This integration is made possible by reduced trade barriers and transactions costs, and is driven by the gains from trade. With growth in food and animal trade, food safety risks, costs of hazard reduction, and benefits from improvement are all shared across borders. Food produced under one safety regime must pass standards under another.


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