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Achieving Food System Stability and Well-Being: A New Role in Global Development Finance
ADB
2024.04.11
While global food trade continues to grow, so are concerns about food safety and nutritional impacts. Food safety and environmental integrity are closely linked and vital to global food security.
Hidden costs of the food system far outstrip the value of global food trade, and costs could be greater for less developed countries as they have lower capacity to prevent and mitigate impacts.
The costs of lax food safety standards in emerging economies spill over to advanced economies through international trade, immigration, global poverty, and social instability.
Public policies for prevention and mitigation can improve the health and well-being of farmers and consumers and safeguard the environment.
Increasing farm production without relying on harmful agricultural chemicals needs to be embraced as a crucial goal: new knowledge systems provide greater capacity for improving food system safety and integrity. Enhanced data collection and investment in capacity building are crucial for addressing inequalities.