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Food Security and Agricultural Protection in South Korea

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As part of its food security policy, South Korea has been pursuing food self-sufficiency using high tariffs and high administrative prices in key agricultural and food markets. Using a dual approach to trade and trade restrictiveness indices, the authors analyze the impact of these market distortions on welfare and trade volume. Then, they compute optimum distortions, which minimize the welfare costs of observed self-sufficiency and production objectives. The authors rationalize these optimum distortions to what could be claimed as legitimate protection under a "food security" (FS) box in World Trade Organization negotiations. FS-box protection is sensitive to changes in the definition and the extent of the FS objectives. The authors then show that FS via production targets and reliance on imports would be more palatable to consumers and trade partners while preserving rents to the farm sector.

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Bibliographic Info

Paper provided by Center for Agricultural and Rural Development (CARD) at Iowa State University in its series Center for Agricultural and Rural Development (CARD) Publications with number 01-wp284.

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Date of creation: Sep 2001
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Handle: RePEc:ias:cpaper:01-wp284

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  1. J Anderson & J.P. Neary, 1993. "A New Approach to Evaluating Trade Policy," CEP Discussion Papers dp0173, Centre for Economic Performance, LSE.
  2. Alan Matthews, 2001. "The position of the developing countries in the WTO negotiations on agricultural trade liberalisation," CEG Working Papers 20011, Trinity College Dublin, Department of Economics.
  3. Salvatici, Luca & Carter, Colin A. & Sumner, Daniel A., 1997. "The Trade Restrictiveness Index: The Potential Contribution To Agricultural Policy Analysis," 1997 Annual meeting, July 27-30, Toronto, Canada 21028, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  4. Josling, Timothy E. & Honma, Masayoshi & Lee, Jaeok & MacLaren, Donald & Miner, William M. & Sumner, Daniel A. & Tangermann, Stefan & Valdes, Alberto, 1994. "The Uruguay Round Agreement On Agriculture: An Evaluation," Commissioned Papers 14621, International Agricultural Trade Research Consortium.
  5. James E. Anderson & Will Martin, 1996. "The Welfare Analysis of Fiscal Policy: A Simple Unified Account," Boston College Working Papers in Economics 316., Boston College Department of Economics.
  6. Makki, Shiva S. & Tweeten, Luther G. & Miranda, Mario J., 2001. "Storage-trade interactions under uncertainty: Implications for food security," Journal of Policy Modeling, Elsevier, vol. 23(2), pages 127-140, February.
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Cited by:
  1. repec:hal:gmonwp:hal-00961727 is not listed on IDEAS
  2. Rakotoarisoa, Manitra A., 2006. "Policy distortions in the segmented rice market:," MTID discussion papers 94, International Food Policy Research Institute (IFPRI).
  3. Beghin, John C. & Disdier, Anne-Celia & Marette, Stephan, 2012. "Trade Restrictiveness Indices in Presence of Externalities: An Application to Non-Tariff Measures," 2012: New Rules of Trade?, December 2012, San Diego, California 142775, International Agricultural Trade Research Consortium.
  4. Baffes, John & De Gorter, Harry, 2005. "Disciplining agricultural support through decoupling," Policy Research Working Paper Series 3533, The World Bank.
  5. Jean-Christophe Bureau & Luca Salvatici, 2004. "Agricultural trade restrictiveness in the European Union and the United States," Working Papers 2004/03, INRA, Economie Publique.
  6. John Beghin & Jean-Christophe Bureau & Sophie Drogue, 2004. "Calibration of incomplete demand systems in quantitative analysis," Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 839-847.
  7. Colyer, Dale, 2004. "Environmental Regulations and Agricultural Competitiveness," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 5(1).
  8. John C. Beghin & David Roland-Holst & Dominique van der Mensbrugghe, 2002. "Global Agricultural Trade and the Doha Round: What are the Implications for North and South?," Food and Agricultural Policy Research Institute (FAPRI) Publications 02-wp308, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  9. Colyer, Dale, 2004. "Environmental Regulations And Competitiveness," Working Papers 19100, West Virginia University, Department of Agricultural Resource Economics.
  10. John Christopher Beghin & Anne-Célia Disdier & Stéphan Marette, 2013. "Trade Restrictiveness Indices in Presence of Externalities : An Application to Non-Tariff Measures," PSE Working Papers hal-00961727, HAL.
  11. John C. Beghin & Jean-Christophe Bureau & Sophie Drogué, 2003. "The Calibration of Incomplete Demand Systems in Quantitative Analysis," Working Papers 2003/01, INRA, Economie Publique.

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