Article

Food Standards and International Trade

Ian Sheldon

in The Oxford Handbook of the Economics of Food Consumption and Policy

Published in print September 2011 | ISBN: 9780199569441
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199569441.013.0016

Series: Oxford Handbooks in Economics

 Food Standards and International Trade

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The focus of this article is on the interaction between standards and international trade. The objective is to explore in more detail two different aspects of international trade and standards based on resolution of either a public goods or an asymmetric information problem. The article develops a general equilibrium setting and draws extensively on existing work in the trade and environmental economics literature and examines the role of labeling standards in maximizing the gains from international economic integration. This analysis is designed to capture some key stylized facts and basic hypotheses concerning North–South trade where standards and technical regulations are targeted at negative externalities in food production. Finally, it draws some conclusions concerning potential future research on food standards and international trade.

Keywords: standards; international trade; food production; public goods; equilibrium

Article.  10934 words. 

Subjects: Economics ; International Economics ; Agricultural, Environmental, and Natural Resource Economics

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