Working Paper

COVID-19 and Food Protectionism : The Impact of the Pandemic and Export Restrictions on World Food Markets

Show simple item record

collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Espitia, Alvaro
dc.contributor.author
Rocha, Nadia
dc.contributor.author
Ruta, Michele
dc.date.accessioned
2020-05-21T19:45:07Z
dc.date.available
2020-05-21T19:45:07Z
dc.date.issued
2020-05
dc.date.lastModified
2020-05-22T05:11:08Z
dc.description.abstract
This paper analyzes the impact of Covid-19 and uncooperative trade policies on world food markets. It quantifies the initial shock due to the pandemic under the assumption that products that are more labor intensive in production are more affected through workers' morbidity and containment policies. It then estimates how escalating export restrictions to shield domestic food markets could magnify the initial shock. The analysis shows that, in the quarter following the outbreak of the pandemic, the global export supply of food could decrease between 6 and 20 percent and global prices increase between 2 and 6 percent on average. Escalating export restrictions would multiply the initial shock by a factor of 3, with world food prices rising by up to 18 percent on average. Import food dependent countries, which are in large majority developing and least developed countries, would be most affected.
en
dc.identifier
http://documents.worldbank.org/curated/en/417171589912076742/Covid-19-and-Food-Protectionism-The-Impact-of-the-Pandemic-and-Export-Restrictions-on-World-Food-Markets
dc.identifier.uri
http://hdl.handle.net/10986/33800
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 9253
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.subject
PANDEMIC RESPONSE
dc.subject
FOOD PROTECTIONISM
dc.subject
TRADE POLICY
dc.subject
EXPORT RESTRICTIONS
dc.subject
FOOD PRICES
dc.subject
GLOBAL FOOD MARKETS
dc.title
COVID-19 and Food Protectionism
en
dc.title.subtitle
The Impact of the Pandemic and Export Restrictions on World Food Markets
en
dc.type
Working Paper
en
okr.date.disclosure
2020-05-19
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/417171589912076742/Covid-19-and-Food-Protectionism-The-Impact-of-the-Pandemic-and-Export-Restrictions-on-World-Food-Markets
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-9253
okr.identifier.externaldocumentum
090224b0879526d4_2_0
okr.identifier.internaldocumentum
32050200
okr.identifier.report
WPS9253
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/417171589912076742/pdf/Covid-19-and-Food-Protectionism-The-Impact-of-the-Pandemic-and-Export-Restrictions-on-World-Food-Markets.pdf
en
okr.topic
Agriculture :: Food Markets
okr.topic
Agriculture :: Food Security
okr.topic
International Economics and Trade :: Customs and Trade
okr.topic
International Economics and Trade :: International Trade and Trade Rules
okr.topic
International Economics and Trade :: Trade Policy
okr.topic
International Economics and Trade :: Trade and Agriculture
okr.unit
Macroeconomics, Trade and Investment Global Practice

Show simple item record



This item appears in the following Collection(s)