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date: 19 June 2021

Abstract and Keywords

This chapter examines issues of fairness in the organization of global agricultural markets. The discussion begins with a survey of the challenges in feeding the world and the debates between “market fundamentalists” who defend strongly pro-market, pro-globalization approaches and critics who deny that such challenges can be addressed fairly through markets alone or through particular forms of market organization. Conceptions of fairness that market fundamentalists and critics alike agree upon, as well as additional norms of fairness defended by critics, are applied to four prominent aspects of global market organization in the agricultural sector. They include: trade subsidies and protectionist restrictions, economic development strategies that often leave lesser developed nations caught in a commodity trap, supply-chain management though contract agriculture, and patterns of large-scale farmland acquisition known as the global land grab.

Keywords: globalization, agriculture, market fundamentalism, fairness, trade subsidies, trade protectionism, commodity trap, contract agriculture, land grab

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