VOX reviewed the new eBook and quoted from a chapter written by Senior Research Fellows Will Martin and Joseph Glauber who write, “Export restrictions induce scarcity on world markets, raising prices and causing disproportionate harm to developing nations that cannot afford to compete in bidding wars. This is what happened when food export restrictions led to a spike in world food prices in 2007.” (See IFPRI’s new tracker, food export policy tracker).
New eBook: COVID-19 and trade policy: Why turning inward won’t work (Vox)
April 29, 2020