State Support of Agricultural Production in Emerging Countries as a Tool to Ensure Food Security

Abstract

The chapter examines the practices of state support of agricultural production in various emerging economies in comparison with selected OECD countries. The aim of the research is to discover how agricultural protectionism and support of domestic farmers affect the level of food security on the emerging markets in the conditions of expanding globalization and liberalization of trade in food. The authors focus on the evaluation of the best practices of state support and discovery of opportunities of their utilization on the emerging markets. Content and mechanisms of state regulation are examined based on the data and evaluation methods obtained from the Organization for Economic Cooperation and Development (OECD). The authors find out that the system of state regulation is one of the key determinants of achieving food security in the conditions of turbulent emerging markets. Both the volume and priority directions of state support of agriculture are determined by financial capacities of emerging economies and current goals of their agrarian policies.