Research Reports
Overseas Agricultural Development for Food Security
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AuthorKim, Yongtaek
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Publication Date2011.11.30
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Original
After the global food crisis, world grain prices have rapidly soared. This brought about significant influences on global economy causing ‘agflation’ phenomenon which describes inflation led by rises in agricultural commodity prices. World grain market is also unstabilized by uncertain changes in weather and productions. Under the circumstances like this, Korea is the fifth largest food import country, so food security has become one of the most serious issues. Oversea agricultural development is emerging as one of the promising policy options to stably secure foods.
This is the final report which is the third year report of the three-year research. This study tried to seek an alternative model and policy to establish an effective operating system for overseas agricultural development projects given that Korea's entry into this field is relatively new and competition over overseas agricultural development is getting intense around the world. Additionally, the study suggested the successful model and strategies of overseas agricultural development. Previous research has been conducted about several issues as follows;
At the first year research, the study attempts to provide a future direction and strategies for international agricultural development by grasping the historical progress and constructing a reasonable definition of the international development. In addition, this study provides information on the possibilities of the development in Russia, Brazil, Myanmar, and Cambodia. Especially, the conceptual scope of international agricultural development includes physical and economic access to safe, sufficient, and nutritious food as well as establishment of a food security system.
At the second year research, the study focused on reviewing and evaluating the implementation of overseas agricultural development and carried out after 10-year-plan for overseas agricultural development. In addition, the second year study provided the necessary complementary measures and developed a new food security index for recognizing threatening elements in the world food supply and importance of overseas agricultural de-velopment.
In the final year research, the study provided the action plans for promoting the overseas agricultural development by region, commodities, and types by reviewing the successful private companies's strategies and evaluating their business models and analyzed the economic feasibility study on their projects using the analysis of financial statements and business performance analysis. Finally, using the various results, the study drew out various desirable success models for overseas agricultural development.
Researchers: Kim, Yong-Taek; Kim, Byeong-Ryul; Lee, Byoung-Hoon; Jun, Ik-Su; Yoon, Jong-Yeol; Min, Ja-Hye; Kim, Jeong-Seung; Seong, Jin-Keun; Kim, Wan-Bae; Kim, Jong-Ho
E-mail address: yongkim@krei.re.kr
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