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The COVID?19 pandemic and agriculture: Short? and long?run implications for
international trade relations
#MMPMIDC7264769
Kerr WA
?-/-? 2020[Jun]; 68
(2
): 225-9
PMIDC7264769
show ga
The COVID?19 pandemic has put unprecedented strain on food supply chains. Given
the ever?increasing degree of globalization, those supply chains very often
stretch across international borders. In the short run, countries have largely
been working to keep those supply chains intact and operating efficiently so that
panic buying is cooled and shifts in consumption habits arising from personal
isolation can be accommodated. Once the crisis has passed, based on what has been
learned regarding the international food system's resilience, governments may
wish to strengthen institutions that govern international trade. On the other
hand, based on their COVID?19 experience, governments may feel that they are too
dependent on foreign sources of supply and may wish to reverse the impacts of
globalization on their food systems. As a result, they may become increasingly
isolationist, eschewing international cooperation. Which of these opposing forces
will prevail may depend on the paths economies follow after the disequilibrium
precipitated by the pandemic.
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