The International Political Economy of Food: A Global Crisis

Abstract

The largest gap between national regulation and transnational economic organization is in the agro-food sector. This gap is the legacy of the post-World War II food regime, whose implicit rules gave priority to national farm programs (including import controls and export subsidies); placed the United States at the center; generated chronic surpluses; and allowed international power to take the unusual form of subsidized exports of surplus commodities, particularly wheat. The author analyzes the emergence and contradictions of the postwar food regime as a tension between replication and integration of national agro-food sectors, often interpreted as “export of the U.S. model.” By the early 1970s, replication led to international economic conflict, while transnational corporations found national regulatory frameworks to be obstacles to further integration of a potentially global agro-food sector. A new axis between Asian import countries and new agricultural countries, such as Brazil, has destabilized the Atlantic-centered food regime, without creating a new regime. Alternative future regimes are identified, based on the shift from agriculture to food, employment, and land use as political issues: private global regulation or democratic regulation of nested, regional agro-food economies, federated at the international level.