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A concept of a global food system and its use by private and public managers

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  • Ray A. Goldberg

    (Moffett Professor of Agriculture and Business in the Graduate School of Business Administration, Harvard University, Boston, Massachusetts)

Abstract

Agribusiness, broadly defined, is still the most important sector in the world economy. From a policy-making standpoint, it is best to view agribusiness as an interdependent global food system. When individual countries formulate agriculture and trade policies, they rarely take into account interactions with policies of other nations. The result of uncoordinated policy making has been increased price volatility and greater risk for agribusiness firms. To counteract, new trading entities have formed and the role of trade facilitators such as the World Bank has taken on greater importance. There are needs for international coordinating and conflict resolving mechanisms for the trade of traditional agricultural commodities and high valued products. There is also a need to reconcile the rapidly evolving global agribusiness system with noncommercial agriculture and with persistent hunger problems.

Suggested Citation

  • Ray A. Goldberg, 1985. "A concept of a global food system and its use by private and public managers," Agribusiness, John Wiley & Sons, Ltd., vol. 1(1), pages 5-23.
    • Handle: RePEc:wly:agribz:v:1:y:1985:i:1:p:5-23
    DOI: 10.1002/1520-6297(198521)1:1<5::AID-AGR2720010103>3.0.CO;2-Z
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    Cited by:

    1. Michael W. Woolverton, 1985. "Letter from the managing editor call for papers," Agribusiness, John Wiley & Sons, Ltd., vol. 1(4), pages 265-266.
    2. Michael A. Hudson, 1990. "Toward a framework for examining agribusiness competitiveness," Agribusiness, John Wiley & Sons, Ltd., vol. 6(3), pages 181-189.

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