Trade Liberalization Could Buffer Economic Losses in Agriculture

Global warming could create substantial economic damage in agriculture, a new study finds.  Around the globe, climate change threatens agricultural productivity, forcing up food prices.  As the additional expenditure for consumers outweighs producers' gains, increasing net economic losses will occur in the agriculture and food sector towards the end of the century.  However, economic losses could be limited to 0.3 percent of global GDP -- depending on agricultural trade policies.

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