The globalization led by financial capital has already resulted in ‘grain financialization’ (or grain dollarization), which is the most important factor giving rise to the grave situation in global food security, as well as turmoil in developing countries that rely heavily on grain imports.* This article analyzes food security issues in the twenty-first century in the context of international financial globalization. In particular, it pays attention to developing countries’ discontents and crises due to grain financialization, as well as China’s strategies in dealing with the dual risks existing in grain and financial markets.
Bibliographical noteThe article was translated by Alice Chan
This article is the output of the sub-project on ‘International Comparative Studies on National Security in the Process of Globalization’ led by Sit Tsui, Southwest University under a major project on ‘The Structure and Innovation Mechanism for Improving Rural Governance as a Base of National Comprehensive Security’, led by Wen Tiejun, Renmin University of China. The major project is funded by the National Social Science Foundation of China (No. 14ZDA064). This article is also based on the project on ‘Grain Financialization and the Strategic Study on Grain Security of China’, also funded by the National Social Science Foundation of China (No. 14BGJ048).
- food security
- developing countries