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ORIGINAL RESEARCH article
Front. Sustain. Food Syst.
Sec. Agricultural and Food Economics
Volume 9 - 2025 | doi: 10.3389/fsufs.2025.1547969
This article is part of the Research Topic Environmental Resilience and Sustainable Agri-food System Management View all 10 articles
The Impact of Climate Disaster Risk on Agricultural Trade Welfare and Coping Strategies from a Global Perspective
Provisionally accepted- Central University of Finance and Economics, Beijing, China
As one of the most significant global challenges of the 21st century, climate change has had a substantialconsiderable impact on global agricultural production and trade. This paper employs adopts an empirical approach to examine the impact of climate disaster risk on the welfare of global agricultural trade welfare in recent yearsacross. The level of agricultural trade welfare of 114 countries, as is measured by the varieties-corrected terms of trade over the period from 2002 to 2021 using the varieties-corrected terms of trade. The findings of the study finds indicate that, over the past two decades, the terms of trade for agricultural products have improved over the past two decades in 50 countries, including Mexico, Italy, and Australia. ConverselyIn contrast, the terms of trade for agricultural products have worsened in 22 countries, including the United States and Canada, have deteriorated in comparison to the base period. Additionally, the terms of trade for agricultural products in 42 countries , including China and Pakistan, have demonstrated exhibited volatility. FurthermoreMoreover, climate disaster risk has the potential to enhance boostthe agricultural trade welfare of affected countries in the short term. However, in the long termrun, suchclimate disaster risk leadss to supply constraints and lower trade welfare in global markets by disrupting supply chains. In particularSpecifically, the agricultural trade welfare of highly open economiescountries, non-high-income countries, and those relying on primary agricultural products is more vulnerable susceptible to adverse shocks caused byks from climate disaster risk. This study offersprovides new insightsperspectives intofor addressing climate change and ensuring the stability and growthdevelopment of global agricultural trade welfare.
Keywords: Climate Disaster Risk, Agricultural products, Terms of trade, agricultural production, Trade Welfare
Received: 19 Dec 2024; Accepted: 12 Feb 2025.
Copyright: © 2025 Zhang, Li, Yuan and Wang. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.
* Correspondence:
Xiaojuan Wang, Central University of Finance and Economics, Beijing, China
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