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Food Security and Agricultural Protection in South Korea

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  • John C. Beghin
  • Jean-Christophe Bureau
  • Sung Joon Park

Abstract

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.

Suggested Citation

  • John C. Beghin & Jean-Christophe Bureau & Sung Joon Park, 2001. "Food Security and Agricultural Protection in South Korea," Center for Agricultural and Rural Development (CARD) Publications 01-wp284, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:01-wp284
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    References listed on IDEAS

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    1. James E. Anderson & J. Peter Neary, 1996. "A New Approach to Evaluating Trade Policy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 63(1), pages 107-125.
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    3. Thornsbury, Suzanne & Roberts, Donna & DeRemer, Kate & Orden, David, 1997. "A First Step in Understanding Technical Barriers to Agricultural Trade," 1997 Conference, August 10-16, 1997, Sacramento, California 197066, International Association of Agricultural Economists.
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    5. 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).
    6. 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.
    7. 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.
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    Citations

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    Cited by:

    1. Jean‐Christophe Bureau & Luca Salvatici, 2005. "Agricultural trade restrictiveness in the European Union and the United States," Agricultural Economics, International Association of Agricultural Economists, vol. 33(s3), pages 479-490, November.
    2. Haneul Kim & Minghao Huang & Furong Jin & David Bodoff & Junghoon Moon & Young Chan Choe, 2012. "Triple helix in the agricultural sector of Northeast Asian countries: a comparative study between Korea and China," Scientometrics, Springer;Akadémiai Kiadó, vol. 90(1), pages 101-120, January.
    3. 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.
    4. Bahl, Ojasvita & Ghate, Chetan & Mallick, Debdulal, 2020. "Redistributive Policy Shocks and Monetary Policy with Heterogeneous Agents," MPRA Paper 101651, University Library of Munich, Germany.
    5. John C. Beghin & Bo Xiong, 2016. "Economic Effects of Standard-Like Nontariff Measures: Analytical and Methodological Dimensions," Center for Agricultural and Rural Development (CARD) Publications 16-wp569, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    6. repec:hal:pseose:hal-00961727 is not listed on IDEAS
    7. Ka Yi Fung, 2017. "How Economic Dependency Was Created Through the WTO: A Case Study of South Korea," Journal of Developing Societies, , vol. 33(4), pages 469-487, December.
    8. John Christopher Beghin & Anne-Célia Disdier & Stéphan Marette, 2017. "Trade restrictiveness indices in the presence of externalities: An application to non-tariff measures," World Scientific Book Chapters, in: John Christopher Beghin (ed.), Nontariff Measures and International Trade, chapter 5, pages 81-104, World Scientific Publishing Co. Pte. Ltd..
    9. Ashutosh K. Tripathi, 2024. "Price support policy and market price dynamics: The case of Indian wheat," Agricultural Economics, International Association of Agricultural Economists, vol. 55(2), pages 412-427, March.
    10. repec:hal:gmonwp:hal-00961727 is not listed on IDEAS
    11. Muhammad Bashir & Steven Schilizzi, 2015. "Food security policy assessment in the Punjab, Pakistan: effectiveness, distortions and their perceptions," Food Security: The Science, Sociology and Economics of Food Production and Access to Food, Springer;The International Society for Plant Pathology, vol. 7(5), pages 1071-1089, October.
    12. Lubos SMUTKA & Jindrich SPICKA & Natalia ISHCHUKOVA & Richard SELBY, 2016. "Agrarian import ban and its impact on the Russian and European Union agrarian trade performance," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 62(11), pages 493-506.
    13. Jiarong Qian & Shoichi Ito & Zhijun Zhao, 2020. "The effect of price support policies on food security and farmers’ income in China," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 64(4), pages 1328-1349, October.
    14. Xiang, Tao & Malik, Tariq H. & Nielsen, Klaus, 2020. "The impact of population pressure on global fertiliser use intensity, 1970–2011: An analysis of policy-induced mediation," Technological Forecasting and Social Change, Elsevier, vol. 152(C).
    15. 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?," Center for Agricultural and Rural Development (CARD) Publications 02-wp308, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    16. Colyer, Dale, 2004. "Environmental Regulations And Competitiveness," Working Papers 19100, West Virginia University, Department of Agricultural Resource Economics.
    17. John C. Beghin & Bo Xiong, 2016. "Economic Effects of Standard-Like Nontariff Measures: Analytical and Methodological Dimensions," Center for Agricultural and Rural Development (CARD) Publications 16-wp569, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    18. Teignier, Marc, 2018. "The role of trade in structural transformation," Journal of Development Economics, Elsevier, vol. 130(C), pages 45-65.
    19. Baffes, John & De Gorter, Harry, 2005. "Disciplining agricultural support through decoupling," Policy Research Working Paper Series 3533, The World Bank.
    20. 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), pages 1-17.
    21. Rakotoarisoa, Manitra A., 2006. "Policy distortions in the segmented rice market:," MTID discussion papers 94, International Food Policy Research Institute (IFPRI).
    22. ., 2010. "Korea's Trade Policy in Transition," Chapters, in: The Korean Economy in Transition, chapter 5, Edward Elgar Publishing.

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