Food Security Stocks and Emergency Reserves from a European Union CAP Perspective

Authors

  • Alexandros Sarris National and Kapodistrian University of Athens, 1, Sofokleous str. (4th floor), 10559 Athens

Abstract

Continuing world food market instability has created much concern about negative impacts internationally as well as within the European Union (EU). While there are many policies that have been proposed to deal with market volatility, the only ones that can change market fundamentals are those that deal with physical stocks. However, there are many misunderstandings and controversies concerning the institution and management of price stabilization and food security stocks. The paper reviews these issues and also the economics of storage, and indicates the various ways in which physical stocks can be deployed to manage market instability. It also reviews governance, informational and trade facilitation issues, and the potential role of the EU, within the constraints of the Common Agricultural Policy (CAP) and the World Trade Organization (WTO) to contribute to global food stocks. Refs 21. Figs 5.

Keywords:

EU Common Agricultural Policy, food market, food security, international trading system

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Author Biography

Alexandros Sarris, National and Kapodistrian University of Athens, 1, Sofokleous str. (4th floor), 10559 Athens

Professor of Economics

References

Литература на русском языке


References in Latin Alphabet

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Translation of references in Russian into English

Вестник Санкт-Петербургского университета. Серия 5. Экономика. 2015. Вып. 1

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Published

2015-03-30

How to Cite

Sarris, A. (2015). Food Security Stocks and Emergency Reserves from a European Union CAP Perspective. St Petersburg University Journal of Economic Studies, (1), 037–068. Retrieved from https://economicsjournal.spbu.ru/article/view/1485

Issue

No. 1 (2015)

Section

Global economy

License

Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.