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From unfair prices to unfair trading practices: Political economy, value chains and 21st century agri‐food policy
Author(s) -
Swinnen Johan,
Olper Alessandro,
Vandevelde Senne
Publication year - 2021
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/agec.12653
Subject(s) - value (mathematics) , agriculture , politics , economics , government (linguistics) , relevance (law) , food prices , value chain , agricultural policy , food policy , market power , agribusiness , business , international trade , market economy , food security , supply chain , marketing , political science , law , ecology , linguistics , philosophy , monopoly , machine learning , computer science , biology
This article analyzes how value chains play a role in the political economy of agricultural and food policy by (1) discussing historical insights; (2) reviewing an emerging literature on political economy of trade policy and value chains and drawing implications for agricultural and food policy; (3) discussing market power issues with increasing concentration in agri‐food value chains and its implications for government regulations; and (4) presenting a political economy case study of recent regulations that have explicitly targeted value chain structures in the agri‐food sector: the EU regulations on “ unfair trading practices (UTPs) ”. The case study is of wider relevance since it addresses a key concern in global value chains.