By: Joseph Glauber, IFPRI
A strong El Niño continued through December, as indicated by above-average sea surface temperatures (SST) across the central and eastern equatorial Pacific Ocean. The strength and duration of the current El Niño event has raised concerns about global crop prospects and food prices.
Knowing which types of policies are appropriate in a given country’s political, economic, and social context is key to ensuring that enacted policies are truly effective and inclusive. This is especially true for agriculture and food security, when well-timed and targeted policies can have significant effects on vulnerable populations.
The current El Niño cycle, one of the top three strongest on record since the phenomenon started being tracked in 1950, is expected to continue through the winter in the Northern Hemisphere, according to the US National Oceanic and Atmospheric Administration (NOAA)’s National Centers for Environmental Information.
International trade has grown significantly over the past 60 years; the WTO (2008) estimates that between 1950 and 2007, the rate of growth of world trade in real terms was 6.2 percent, compared to 3.8 percent growth in global GDP. The impact of increased world trade cannot be measured simply in terms of economic activity, however; issues like gender equity, health, and nutrition (all key aspects of societal wellbeing) are also affected.